BMW India Financial Services Appoints Andreas Modlmayer as New MD and CEO

BMW India Financial Services has brought in Andreas Modlmayer to take charge as its new Managing Director and CEO. He replaces Jaejoon Lee, who concludes his assignment in India and returns to a leadership position at BMW Korea. Modlmayer joins the Indian arm with a wealth of global experience spanning more than 20 years within the BMW Group. Over the course of his career, he has held senior roles across several regions, including New Zealand, China, Hong Kong, and, most recently, led BMW Austria Bank in Greece. His entry into the BMW ecosystem began at BMW Bank GmbH in Munich, where he focused on marketing and sales operations. Welcoming his appointment, Lisa Ng, Regional CEO for BMW Group Financial Services Asia Pacific, praised Modlmayer’s international exposure and leadership acumen, underscoring his role in advancing BMW’s strategy in the Indian financial services space.

BMW India Financial Services: An Overview

A wholly owned subsidiary of the BMW Group, BMW India Financial Services is based in Gurgaon (National Capital Region) and has been operational since June 2010.

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The company functions across three core verticals: Retail Finance, Commercial Finance, and Insurance Solutions, offered in the capacity of a corporate agent. These services are tailored to meet the distinct and high-end financial needs of customers purchasing BMW, MINI, and BMW Motorrad vehicles.

BMW India Financial Services Comments on Leadership Change

Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific said, 'Mr. Andreas Modlmayer brings with him valuable expertise and leadership acumen, with successful development of BMW Financial Services in diverse markets for over two decades. India is an important market for us, and we are confident that he will further add to the company's growth as he takes charge of BMW India Financial Services.

We thank Mr. Jaejoon Lee for his immense contribution to BMW India Financial Services in recent years. He successfully steered the company with new initiatives in product offerings and customer centricity and strengthened the foundation for future growth. We wish him all the best as he returns to BMW Korea once again,' she added.

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BMW asserts that under the leadership of Jaejoon Lee, BMW India Financial Services effectively upheld its status as a leading provider of comprehensive automotive financing solutions in the premium segment of the Indian market.