DF Capital, a provider of working capital for UK SMEs, has announced the appointment of Charlie Michael to the newly-created role of head of people.

Michael will be responsible for developing and leading the people strategy, including talent acquisition and development, compensation and benefits, employee engagement, and the company’s culture agenda.

He joins from Aldermore Bank where she spent 10 years in several senior HR roles. She has worked within the financial services industry for over 20 years – including roles at Merrill Lynch and Formation Asset Management.

Michael said: “I can’t wait to start developing new and innovative people strategies that will enable us to deliver even better colleague and customer experiences. I am looking forward to being part of an organisation that is customer-centric, forward-thinking and ready to make a real difference, to both its customers and people.”

Carl D’Ammassa, DF Capital’s chief executive, said: “I know Charlie will bring a huge amount of energy and HR expertise to the business as we enter the new year and look to build out our banking franchise. We are passionate about our people and believe it is them that make the difference our customers feel.

“Charlie’s appointment is key to our evolving people strategy, as we look to attract some of the best people from across the industry to join our team and help us fulfil our ambitious growth plans.”

The company was incorporated in May 2016 and currently employs over 70 people and works with manufacturers and dealers in a variety of sectors, including motorhome; lodge/holiday home; motorcycles/all-terrain vehicles; marine; agriculture; industrial and transport. It has lent over £750m to SMEs in these industries.

DF Capital is a trading name of DF Capital Bank Limited, which is a subsidiary of Distribution Finance Capital Holdings plc. In September, DF Capital Bank Ltd was granted a UK banking licence.