RCI Financial Services and RCI Bank UK have announced the appointment of Jean-Louis Labauge as Managing Director and CEO, respectively, with immediate effect.
Jean-Louis Labauge succeeds Steve Gowler who retires from a 25-year career in various roles throughout the Renault-Nissan Alliance.
Labauge has worked with RCI Bank and Services, the financial provider of Groupe Renault, for twenty years and takes up his new position having previously held the role of Deputy Managing Director at RCI Financial Services. He joined the team in the UK after creating Nissan Renault Financial Services India in 2013. Before that he held numerous positions at RCI Bank and Services in Europe. Labauge will be responsible for 265 employees in the UK and will be responsible for the Renault, Nissan, Dacia and Infiniti brands.
Labauge is 48 years old, married with three children. He is a graduate from HEC business school, Paris and holds a degree in accounting and finance from CNAM.
Commenting on his appointment, Jean-Louis Labauge said: “RCI Bank provides a unique offering in the UK and we have more products on the horizon. RCI Financial Services provides a huge number of services to the British public every year and I’m delighted to be tasked with moving the two brands forward. The new role is an exciting opportunity for me and I look forward to working hard to achieve further growth and success.”
RCI Financial Services is a limited company, registered in the UK and regulated by the FCA. It arranges finance and related insurances for private consumers and business users through the Renault, Dacia, Nissan and Infiniti UK dealer networks financing approximately 150,000 vehicles every year.
RCI Bank UK was launched in the UK in June 2015 and is the only vehicle finance company active in the UK savings market. The first product offering from the Bank was an easy access account that now sits jointly at the top of the table, the Freedom Savings Account.
RCI Bank and RCI Financial Services are the UK arms of RCI Banque S.A. which is a part of Groupe Renault. RCI Banque S.A. has a 90 year history in financial services and has been active in the UK for over 20 years through its car finance operation with Renault, Nissan, Dacia and Infiniti with assets of £3.8 billion and a headcount of 265 employees.