The company already has established offices in Munich and Vienna, and said the new location affirms White Clarke Group’s expansion in Europe and its support for growth in the region.

It added that the new office will benefit local market needs and provide a dynamic working environment for the development and support teams.

Brendan Gleeson, group executive vice president, said: "The opening of our Stuttgart office demonstrates the strength of our partnerships with captive finance companies in one of the world’s leading countries within the leasing sector. We look forward to the continuation of a successful and rewarding collaboration.”