Derek Crandon

Chief Executive Officer & Member of the Credit Committee | Loinette Capital

.In 1990 Derek joined First National Bank (FNB) where he was recognised as a potential leader early in his career. FNB granted him a bursary along with an acceptance into their Executive Development Program. He used his bursary to complete his Bachelor of Commerce degree through UNISA part time. Derek has a Licentiate Diploma in Banking from the South African Institute of Banking and a Marketing Diploma from the University of South Africa.

Derek quickly rose through the ranks and joined the FNB credit and policy team. There he developed a passion for financing businesses. He moved on to join WesBank where his passion for finance was further deepened with a special focus on asset finance, with a strong bias towards mining construction and other capital equipment finance. Derek the head of WesBank’s Mining, Construction, Agriculture, Aircraft and Commercial Vehicle Finance Division.

He is currently a director of numerous private companies, both local and international, as well as a trustee on several trusts. Derek has developed an extensive worldwide network of professional contacts in banking, auditing, legal and tax.

In 2010 Derek left WesBank and joined a fledgling finance company, called Loinette Company Leasing Limited who, in 2019, changed their name to Loinette Capital Limited , which had been started by the Bell Family as a complimentary business to Bell Equipment Limited. Derek, and the late Howard Buttery, were successful in building this equipment finance company, which today finances equipment in East, Central, Sub Saharan and West Africa.

Today, CIM Financial Services have a major share in Loinette Capital Limited where they follow a diversification strategy both geographically and by range of equipment financed within East, Central, Sub-Saharan and West Africa. Derek continues to lead Loinette Capital Limited’s transformation.