Prestige hires former Mercedes-Benz captive executive
An executive who spent nearly 20 years with a luxury OEM’s captive finance company now is part of the leadership team at Prestige Financial Services.
On Friday, the affiliate of The Larry H. Miller Group of Companies named Bradley Bitner as director of finance to manage the company's financial analysis and reporting, support key initiatives and advise on strategy implementation.
Bitner joins Prestige after 18 years at Mercedes-Benz Financial Services, where he held increasing levels of responsibility in corporate strategy, risk management, finance and controlling, global risk audit and operations.
Prestige highlighted that Bitner’s most recent responsibilities with the captive included oversight of a $146 billion project budget, business continuity, vendor management and the company’s online properties.
“Brad joins us with extensive experience in various aspects of auto finance,” Prestige president Rich Hyde said in a news release. “His high level of expertise will help us not only to grow, but to grow the right way. We’re very pleased to have him on board.”
Now in its 27th year of operations, Prestige Financial Services provides consumer financing solutions for franchised dealerships in 42 states. As of the time of its latest news release, the company had a $950 million portfolio and employed more than 500 credit professionals and support staff to service a wide range of borrower types.