Fleet News

Stones to head Chartered Trust expansion

UDT sales director Phil Stones has taken a new job at Chartered Trust after almost a decade with the Lloyds Bank subsidiary, with the company looking to expand its motoring interests. He joins Chartered Trust as executive director with responsibility for the finance house's motor and leisure division as it seeks to expand its activities in the corporate car finance and dealer sectors.

His experience across all aspects of the fleet funding business will be employed in winning new business from daily rental and contract hire companies to finance their operations. Stones said he wanted to increase the number of cars Chartered Trust financed from the current level of 6,000 units a year to around 30,000 in three years. He will also be responsible for repackaging Chartered Trust's retail car finance operation and adding new impetus to win additional business from car dealers but will have no involvement in the company's car leasing division ACL - which is treated as an entirely separate company.

Stones started his career in the motor finance industry as an account manager with Forward Trust in 1974 before joining UDT in 1988 and progressing to the board in 1992.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee