Euro Sales Finance strengthens its German management team

Euro Sales Finance plc, the pan-European provider of sales finance solutions, today announced the appointment of Gerd Georg as director of its new Frankfurt business.

Mr Georg, aged 46, joins from DG Diskontbank, where he was director and a member of the management board. DG Diskontbank holds 18% share of the German sales finance market, has 220 employees and achieved a turnover of DM 24.1 billion in 1999.

Mr Georg has spent the last twenty years with DG Diskontbank and during this time he was responsible for managing the commercial activities of the business. Latterly he managed the large corporate lending exposures within the portfolio.

It is hoped that Mr Georg will play “a substantial role in the expansion plans (Euro Sales Finance) has for Germany”.

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