Appointment of Ms. Ritu Chandy as Regional CEO of BMW Group, Financial Services for Asia Pacific
BMW Group has appointed Ms. Ritu Chandy as the Regional Chief Executive Officer of Financial Services for its Asia Pacific operations effective 1 July 2018. Ms. Chandy is based in Singapore and replaces Mr. Serge Naudin, who has relocated to China as President, BMW Group Financial Services, Region China. Ms. Chandy oversees and is responsible for the Financial Services business across seven countries in the Asia Pacific region, which includes Australia, New Zealand, India, Japan, Malaysia, Thailand, and South Korea. She also takes charge over the strategic partnerships in Indonesia, Singapore, and Vietnam.
Ms. Chandy holds an Executive MBA from the University of Chicago Booth School of Business, and she has been working with the BMW Group since 2001. She started her career in Australia and has held a variety of senior leadership positions across Asia Pacific and North America over the past 17 years.
Prior to her new appointment, Ms. Chandy served as Chief Financial Officer and Vice President of Finance, BMW Group, Financial Services, North America from 2014 – 2018 where she was in-charge of the financial development and oversight of all Financial Services Companies of the Americas Region.
Before that, Ms. Chandy was based in Singapore from 2010 – 2014 and was the Head of Treasury for Asia Pacific where she led teams based in Singapore and Beijing and was responsible for Foreign Exchange, Interest Rate Risk, and Debt Funding across BMW Group operations in the region.
BMW Group Financial Services operates subsidiaries and runs partnerships with local financial services providers and importers in every continent in 58 markets around the world. With over 8,600 associates, it is one of the leading financial services corporations in the automotive market.
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