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Syscap Limited (http://www.syscap.com), the UK’s leading independent IT finance provider, today names Peter Middleton as its new Executive Chairman. Middleton joins Syscap with a CV notable for a series of high profile positions in the financial services sector. This experience, allied to Syscap’s strong financial performance and innovative approach to financial services, will enable the company to move forward confidently as it expands into new global and vertical markets.

“We are delighted to be welcoming someone of such pedigree in financial services and business leadership,” says Syscap CEO Philip White. “The relative uncertainty of the current economic markets is something we are actually in a position to embrace and approach with confidence. It represents a great opportunity for a dynamic company like ours that is prepared to break into new arenas, in terms of both geography and product development. Peter’s profile, creative thinking, experience and industry contacts are a powerful combination that will help us maximise this opportunity.”

Middleton’s impressive financial services experience dates back to the mid 1980s, when he headed up Banking Operations at Midland Bank International. After a five-year spell at the Thomas Cook Group, where, as CEO, he turned around the fortunes of the travel operator, he took over as CEO of Lloyd’s of London. Here, he created the framework for the reorganisation of the Lloyd’s market and moved it from a previous trading loss of £8 billion to a profit of £3 billion over his three-year tenure. In 1995 he took over as CEO of Salomon Brothers and in 2000 he was appointed Transaction Director for Nomura International.

“Working with Syscap presents an intriguing and exciting opportunity,” says Middleton. “These are fascinating times for companies with a flair for seeing and embracing new opportunities. Here is a company that has successfully transformed itself from a transactional leasing house to a fully fledged strategic finance partner in just a few short years. I am looking forward to working with a company that has such a fast moving and agile culture, and being part of the next phase of its development.”

Full CV details and a photograph of Peter Middleton are available on request.

Ends.

About Syscap

Syscap is the UK’s leading independent IT finance provider. Syscap works directly with clients and in partnership with industry-leading IT vendors, equipment suppliers, ISVs and other business service providers. Through tailored, innovative finance solutions, Syscap enables commercial, professional and public sector organisations of all sizes to acquire the business assets and resources they need, without traditional budgetary constraints.

Founded in 1990, Syscap now employs over 110 people across the UK and Europe, has annual revenues in excess of £150 million and £300 million of assets under management.

www.syscap.com

For further information, please contact:

Lindsay Back/Ben Bush
The Crocodile
Tel: 020 7749 4400
lindsay.back@thecroc.com / ben.bush@thecroc.com

or

Philip White
CEO
Syscap Limited
Tel: 020 8254 1800
pwhite@syscap.com

Issued by: The Crocodile, The Lux Building
2/4 Hoxton Square, London N1 6NU
www.thecroc.com

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