BMW India Financial Services Appoints Andreas Modlmayer As MD & CEO

BMW India Financial Services, a 100 per cent subsidiary of the BMW Group, has appointed Andreas Modlmayer as the new Managing Director and Chief Executive Officer. Andreas Modlmayer succeeds Jaejoon Lee.

Modlmayer has been associated with the BMW Group since 2000. In his last assignment, he was the CEO of BMW Austria Bank in Greece. He brings rich experience of working in leadership positions for BMW Group Financial Services across several other markets such as New Zealand, China, Hong Kong. Modlmayer began his career with BMW Bank GmbH Munich in Sales and Marketing function.

Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific said, “India is an important market for us, and we are confident that he will further add to the company’s growth as he takes charge of BMW India Financial Services. We thank Jaejoon Lee for his immense contribution to BMW India Financial Services in the recent years. We wish him all the best as he returns to BMW Korea once again.”