White Oak has announced it has appointed a new Chief Executive Officer (CEO) Managing Director following Peter Alderson’s retirement from the company. Carl D’Ammassa will become the firm’s new CEO.

D’Ammassa joins White Oak UK from Aldermore Bank, where he most recently served as group managing director of the bank’s business finance division. There, he was responsible for the firm’s business lending activity including asset and invoice finance as well as commercial real estate. Prior to joining Aldermore in 2013, he also served as managing director of Hitachi Capital Business Finance, and previously held various financial, operational and general management positions at GE Capital, including the post of CEO of the vehicle rental, plant hire and key leasing businesses.

D’Ammassa said “I am thrilled to join White Oak UK during such a dynamic time for the firm and across the industry. As White Oak UK continues to expand across geographies, industries and sectors, I’m excited to work with the team to build on this momentum and help businesses access the finance they need.”

White Oak UK’s vision is to significantly develop lending levels to UK smaller businesses, who still struggle when trying to access finance for their businesses. This, coupled with a new focus on expanding operations to provide fast and convenient business finance to larger, middle-market companies across the UK draws on the wider group’s proven experience in mid-market solutions, providing White Oak UK with the means to introduce a number of new objectives into its overall offering.