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AUTO1 FinTech appoints management

AUTO1 FinTech appoints management

Berlin, 07 November 2018

Berlin, 07 November 2018 – AUTO1 Group, Europe’s leading car trading platform, has appointed experienced mobility financing executives to the management of its joint venture, AUTO1 FinTech. On 15 October, 2018, Fedor Artiles assumed the role of Chief Executive Officer (CEO) of AUTO1 FinTech. As of 1 November 2018, Axel Buhr took up the position of Chief Financial Officer (CFO) as well as Chief Operating Officer (COO) and Philip Reicherstorfer that of Chief Capital Officer (CCO).

AUTO1 FinTech was established in May 2018 as a joint venture of i.a. Allianz, Deutsche Bank and AUTO1 Group. AUTO1 FinTech offers financing for partners of AUTO1 Group, from the purchase of second-hand vehicles to their sale. The company is currently active in Germany and France, with further European locations planned for the beginning of 2019.

Hakan Koç, Co-founder and Co-CEO of AUTO1 Group, said: “Our aim is to make the second-hand car market significantly more attractive for all parties involved, and we are delighted that AUTO1 FinTech can now benefit from Fedor and Axel’s many years of experience in automobile financing and leasing. Philip’s bank financing experience further complements the management team perfectly. AUTO1 FinTech is revolutionising purchasing for independent second-hand car dealers as we bridge the financing gap between buying the vehicles and selling them on to the buyer. With AUTO1 FinTech, we offer even more support for successful car dealers.”

Fedor Artiles most recently served as Founding COO and CFO of Fair.com, a disruptive online mobility service provider in the US. Prior to Fair.com, Artiles was Managing Director and CFO of Tesla Financial Services, where he led the development of Tesla’s financial services in EMEA, in particular leasing and consumer financing. He previously held senior management positions on behalf of Volkswagen Group, where he established and expanded the distribution network in Spain and Latin America. Prior to that, he occupied a variety of management positions at Mercedes-Benz and DaimlerChrysler.

Axel Buhr spent over four years as Senior Manager Finance & Operations EMEA Financial Services at Tesla. He began his career with Daimler Financial Services where he occupied a variety of management positions, including controlling in EMEA and Asia, as well as CFO of Daimler Leasing in Thailand.

Philip Reicherstorfer served as Executive Director at JP Morgan for 15 years, where he most recently acted as Head of Leveraged Finance for Telecom, Media & Technology.

About AUTO1 FinTech

AUTO1 FinTech is the digital enabler for innovative financial solutions in the international car trade and offers purchase financing for partner dealers of AUTO1.com, the online marketplace for the commercial used car trade. AUTO1.com is part of AUTO1 Group, Europe’s leading car trading platform.

AUTO1 FinTech was established as a joint venture of i.a. Allianz, Deutsche Bank and AUTO1 Group. For further information please see www.auto1-group.com.

Media Enquiries

Lisa Langlois, Head of Communications

lisa.langlois@auto1-group.com

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