The Russian subsidiary is headquartered in Moscow and will be headed up by Sergey Dianin, who comes to LeasePlan from Russia Arval, part of the BNP Paribas Group, where he served as general manager. Prior to this, he worked with Russia Renaissance Insurance and as managing director for Russia at Rolf Leasing.

The new subsidiary brings the total number of countries in which LeasePlan operates to 31.

Vahid Daemi, CEO of LeasePlan Corporation, currently manages over 1.3 million multi-brand vehicles, said: ‘This is an important day for LeasePlan. We have seen continued interest among our multinational customers to internationalise throughout the Russian region. By launching LeasePlan Russia, we are making it easier for them to manage their global fleet and keep their workforce mobile around the world. I am also pleased that LeasePlan is anchoring operations in Moscow as the city provides a premium location to connect our customers with their leasing needs across Russia.’

Sergey Dianin, managing director of LeasePlan Russia, added: ‘LeasePlan is only the third international player to arrive in the Russian market. This makes this launch particularly important for the development of the car leasing market here, and not only from a volume perspective. It will also improve the awareness of the products and services of full service leasing. We aim to help to educate the market and to bring innovation to the fleet management industry in Russia thus adding value for both international and local clients.’