Money is the name of the game in motoring's real world
In the business: Gaëlle Humbert
Gaëlle Humbert, managing director Renault Finance Ireland outlines her role in the motoring industry and her interests outside of work.
Job title: Managing director, Renault Finance Ireland.
Hobbies: Trekking, swimming, yoga, singing in a choir, reading and travelling.
Cars: Renault Fluence Z.E. and a Renault Grand Scenic Bose.
What's your background?
After school I went to college in France and subsequently did an MBA which involved two years of work experience with Citroen in Budapest as a product/pricing manager in the sales department.
From 2002- 2005 I was management accounting controller at DIAC, a French subsidiary of RCI Banque, which is part of the Renault group. From 2005-2009 I was finance director at RCI Zrt, the Hungarian subsidiary of the same organisation based in Budapest. From 2009 until autumn 2012 I was chief financial officer of RCI Financial Services in the UK.
I was appointed managing director of Renault Finance in Ireland in October 2012.
What does your job involve?
I am responsible for running Renault Finance in Ireland.
We started trading in September 2012 and have a team of 20 people. Since our formation we have lent over €75m to Irish customers and there is an 80pc approval rate on loans for passenger vehicles.
We provide Renault/Dacia private and fleet customers with financial products for the purchase of new and used cars. Another aspect of my role is to define the growth strategy for Renault Finance in Ireland in co-ordination with our headquarters and to implement it.
How does working in the motor industry compare with working in other sectors? Are the challenges the same?
Apart from some internships during my studies in the luxury sector with French multinational luxury goods group, LVMH, I have always worked in the motor industry first with a car manufacturer and then for the last 10 years in the Renault/Nissan bank.
What's the most difficult part of being in the motor industry at the moment?
The challenges are huge, especially in Europe with the current economic difficulties. What I particularly like about being part of Renault Finance is that I'm not part of a global bank that just speculates on the financial markets, but part of a finance company that supports the real economy. We are open for business and actively lending in Ireland.
What do you most like most about your job?
Defining strategy and seeing it through and having an influence through my decisions. I also enjoy the management dimension of my role such as developing staff and sharing my experience of the bank's business model with them. It is very nice to be representing the bank with organisations such as the Ireland-France Chamber of Commerce and I also enjoy the interaction with Renault Ireland and with our dealers.
What's the most difficult part of your job?
It's definitely the market forecasting exercise, not least because of the current economic environment, and because it is the basis of our business model and we take key strategic decisions based on it. It's also difficult to accept that there are some elements such as size of market and the tax policy that are outside my control.
If you had a limitless budget what would be your dream car?
The soon to come, stunning Renault Alpine.
In an interview with Olive Keogh