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Date: 16 February 2021 Â Â |Â Â Author: Sean Keywood Leasing company Arval has named Lakshmi Moorthy as its new UK managing director. She will take up the role in March, subject to regulatory approval. Moorthy will replace Miguel Cabaca, who has led Arval s UK business since December 2017, and is moving to become managing director of the company s business in Spain. Moorthy moves across from a role as global retail director within Arval s corporate head office. She is said to have more than 20 years of experience in consumer and commercial finance roles, and worked in countries including the UK, India and France. She worked for GE Capital from 2002, before joining Arval in 2015. ....
Click the thumbs up > Cash-takers are returning to company car schemes in “noticeable” numbers thanks to the attractiveness of electric vehicles (EVs), reports Arval UK. Shaun Sadlier, head of consulting at Arval UK, explained: “Many cash takers liked their company car but didn’t like paying what they perceived as high benefit-in-kind and that was why they opted-out. “Now, with low benefit-in-kind in place for EVs for at least five years, many more are now returning to company car schemes.” Arval predicted that this would start to happen some time ago, but Sadlier said: “It’s now becoming noticeable In several of the major fleets with which we work. ....