Arval UK has appointed Miguel Cabaça as its new managing director.
He will replace Benoit Dilly, who has been managing director of the UK business since 2013. Dilly is taking up a new position within the BNP Paribas Group, based in Paris.
During his tenure, Dilly oversaw the successful integration of the GE Fleet business and a doubling of the leasing company’s fleet size to 160,000 vehicles.
Cabaça moves to the UK from Arval’s corporate head office in Paris, where he was director of private lease for Arval.
He previously held a number of management roles within the BNP Paribas Personal Finance business, which he joined in 2000.