The BMW Group has appointed Mike Wetherell as the Regional Chief Executive Officer of Financial Services for its Asia Pacific operations, effective 1 January 2022.
Wetherell is based in Singapore and replaces Ritu Chandy, who will relocate to Munich to take over as Head of Group Treasury.
Wetherell is responsible for the Financial Services business across seven countries in the Asia Pacific region – Australia, New Zealand, India, Japan, Malaysia, South Korea and Thailand – and strategic partnerships in Indonesia, Singapore and Vietnam.
Wetherell began his career with the BMW Group in 1997 with BMW Financial Services UK, where he spent nine years, including five years as General Manager, Customer Service Centre. In 2006, he relocated to South Africa to take on the position of Sales and Marketing Director BMW Financial Services South Africa.
Wetherell kicked off his tour in Asia as the Operations Director of BMW Automotive Finance China in 2010, and after three years, moved to Malaysia to take on the role of Managing Director, BMW Credit Malaysia.
Prior to his new appointment, Wetherell served as President and CEO of BMW Japan Finance Corporation where he was responsible for the financial oversight and development of the Financial Services business in the market.
BMW Group Financial Services operates subsidiaries and runs partnerships with local financial services providers and importers in every continent in 58 markets around the world. With more than 8,600 associates, it is one of the leading financial services companies in the automotive sector.