NextGear Capital, part of Cox Automotive has appointed Liam Quegan as its new Managing Director. Quegan has replaced David Mercer, who helped launch the business in the UK.

Quegan joins NextGear from Close Brothers Motor Finance, where he worked as Chief Operating Officer for almost three years.

Michael Buxton, Chief Executive Officer of Cox Automotive UK said: “I am delighted to welcome Liam to Cox Automotive, and look forward to working with him as he drives the continued success of the NextGear Capital business. Liam also joins the Cox Automotive board, and I am sure his experience and industry knowledge will prove an extremely valuable addition to the team as we deliver our exciting plans for 2018.”