Tandem appoints new MD of Motor Finance

• Industry heavyweight brings deep rooted experience in motor finance, operations, and customer service and experience, formerly leading Moneybarn – the motor finance arm of Vanquis Group – as well as senior roles at Citigroup
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• Tandem has strategic ambition for profitable growth, with a laser focus on customer experience and making greener lifestyles more inclusive for everyone

Tandem Bank has today announced that David Shrimpton Davis has been named as the new Managing Director of its Motor Finance division.

Shrimpton Davis brings with him deep rooted experience inleading and growing a motor finance business having formerly led Moneybarn –the successful motor finance arm of Vanquis Banking Group.

Shrimpton Davis also brings a wealth of operational and customer experience gained over a 30-year career in financial services which will support Tandem’s ambitions to maintain a laser-focus on the customer, having held several senior roles across customer operations and service at Citigroup.

As a strong advocate of diversity and inclusion, including being named as one of LGBT’s Top 50 Gamechangers in 2023, his appointment also reflects Tandem’s ongoing commitment to fostering an inclusive culture.

The appointment marks another milestone for the growing, award-winning bank, as it continues its ambition for profitable growth and making greener lifestyles more inclusive for everyone – with motor finance playing a central role.

Tandem’s motor finance division helps to support consumers transitioning their vehicles to more affordable, less polluting options as the UK looks to phase out petrol and diesel cars from 2030. Re-launching in 2022,motor finance has seen substantial growth from £18.2m to £224m[1].

Under the leadership of its new CEO, Neil Chandler, Tandem intends to grow this offering further – seeing the area as key to Tandem’s next phase of growth under a simplified proposition.
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Commenting on his appointment, David Shrimpton Davis, said: "Tandem is an organisation with a clear purpose which I’m thrilled to join.

“The UK has a significant task ahead as it looks to reduce emissions – with domestic transport accounting for a whopping 28%[2].

“The challenge remains significant, with EVs remaining a small proportion of the market. But offering lower-emission vehicles is also a positive step. This brings a huge opportunity as more and more consumers look to reduce emissions.

“Tandem, with its award-winning proposition and superb growth, can take advantage – helping many reduce emissions and save money along the way. I can’t wait to get started!”
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Commenting on the announcement, Tandem’s new CEO, Neil Chandler, said: “It’s great to have David onboard – he brings a wealth of experience and will help the business in ensuring the motor finance proposition lives up to its potential.”

The Climate Change Committee has recently welcomed the decision to re-instate the phase out of new petrol and diesel cars[3],now from 2030 as confirmed in the Government’s recent consultation[4].

Tandem sees a significant opportunity as it supports consumers in reducing emissions as well as saving them money. The EV and lower-emission vehicle market continues to mature, with a significant increase in used EV and used-lower emission vehicles entering the market.

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[1] Total lending book for motor finance was £19.3m FY 2022, compared to £114m FY 2024– with total lending surpassing £224m, Tandem Annual Report and Accounts2024, Link

[2] Government Statistics: Greenhouse Gas Emissions from Transport 2024 (2022 data),Department for Transport, Link

[3] Letter: Advice on zero-emissions vehicles (ZEV) mandate and carbon dioxide regulations for new cars, Climate Change Committee, May 2025, Link

[4]Written statement of Parliament: Phasing out sales of new petrol and diesel cars from 2030 and supporting the ZEV transition: summary of responses and joint government response, Department for Transport, January2025, Link