The chief financial officer (CFO) at Distribution Finance Capital Holdings (DF Capital), Gavin Morris, has stated his intent to retire at the end of 2025.

Morris has worked at Bristol-based DF Capital for almost seven years, having served as its CFO since June 2018.

In this time, he has overseen the process of the specialist bank receiving authorisation.

DF Capital said its board has started the process of identifying a successor and will provide a further update once a candidate has been appointed.

In this time, Morris will continue to play an active role in the group as an executive director through an extended handover period until his retirement date on 31 December 2025.

Chief executive at DF Capital, Carl D’Ammassa, said: "Morris has been instrumental on DF Capital's growth journey and the group receiving authorisation as a bank just over four years ago. Whilst Morris will be undoubtedly missed, I understand and respect his desire to step back from executive duties to fulfil non-executive and consultancy roles closer to his family home in Bristol.

"I'm delighted that he will remain with us until the end of 2025, supporting an effective handover once the board has identified a suitable candidate to lead our finance team as we progress our ambitious plans to further scale the group and deliver mid-to-high teens returns for our shareholders over the medium term."

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