DF Capital

We’re DF Capital, a specialist savings and commercial lending bank built to serve the needs of individuals and businesses in the UK. From straightforward savings to practical commercial finance solutions, our aim is to provide you with first class customer service to help manage and grow your business or your savings.

Our history

Founded in 2016 as a niche commercial lender, we began a mission to help small and medium- sized businesses (SMEs) across the UK by providing them with flexible finance products that support the growth of their businesses.

We were authorised as a bank in September 2020, which has enabled us to begin offering personal savings accounts to individual customers while continuing to maintain and develop the support we provide for UK businesses. Becoming a bank allows us to better support our existing customers and to widen that support to both new commercial and personal savings customers.

Our people

Our team is built of knowledgeable and experienced specialists in savings and commercial lending. Delivering a trusted, reliable and customer focused experience is at the heart of our business. We are proud of the strong, long-term relationships and reputation we have built over the years with our commercial customers and will deliver on those same principles to our personal savings customers.

Our Management Team

Carl DAmmassa

Carl D’Ammassa

Chief Executive Officer

Carl has over 20 years’ experience working in commercial and SME finance, with extensive divisional managing director and CEO experience built across a number of UK based businesses. Carl previously held the position of CEO at White Oak UK, a specialist lender to SMEs. Prior to this Carl was Group Managing Director at Aldermore Bank, leading its growing business lending franchise.  He spent 10 years at GE Capital, and later took roles at Hitachi Capital and Hydrex Ltd. Carl has previously been Chairman and a Board Director of The Leasing Foundation and was a Non-Executive Director of AFS Group Holdings Ltd.

Gavin Morris

Gavin Morris

Chief Financial Officer

Gavin possesses over 20 years of financial services experience across banking, corporate lending and leasing. Gavin has deep finance expertise in a regulated environment from his time at GE Capital Bank in the role of Acting CFO and in a number of “Head of” finance roles including Treasury, Regulatory Reporting, Controllership, Pricing and FP&A. Gavin was involved in both the set up and dismantling of GE Capital Bank. Gavin is a qualified chartered accountant and spent 10 years with KPMG.

Andy Stafferton

Andrew Stafferton

Co-Founder and Chief Commercial Officer

Andrew co-founded DF Capital in 2016 and has over 20 years of financial services and distribution finance experience. Andrew is the former leader of the Global Business Development team at GE Commercial Distribution Finance (“CDF”), and held prior roles as General Manager – ANZ (CDF), European Head of Marine, Agriculture and Industrial divisions with CDF, Head of Strategy – Europe (CDF), as well as roles in Risk and Operations.

Desmond Mcnamara

Desmond McNamara

Chief Risk Officer

Desmond McNamara spent nine years at Barclays in a number of roles including Chief Risk Officer of Barclays Investment Bank. Prior to this, Desmond was Head of Financial Risk for the capital markets business of Dresdner Kleinwort Benson and Regional Treasurer for Deutsche Bank.

Jonathan Biggin

Jonathan Biggin

Chief Operating Officer

Jonathan has more than 20 years of operational experience in banking and financial services, including being former COO of Hitachi Capital (UK). Jonathan defined and led the future strategy of the Customer Servicing, Operations, Technology and Data Management divisions whilst COO of MBNA, Bank of America.

Sarah Clark

Sarah Clark

General Counsel and Company Secretary

Sarah is a barrister with 17 years experience, both in-house and in private practice across a range of sectors from software to film and publishing to insurance having begun her career with 5 years at Red Lion Chambers. Sarah is an expert in creating in-house legal provision both internally and externally to ensure maximum value and efficiency to shareholders. Sarah is General Counsel and Company Secretary at DF Capital, attending all Board meetings and sitting on the Executive Committee.