Lessor appoints executive
chairman with a view to making the most of the economic
recovery.
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IT financier Syscap has moved to strengthen its
senior team with the appointment of John Allbrook as executive
chairman.
Allbrook was previously CEO at AIM-listed
GoIndustry DoveBid, the online provider of asset sales and
services. He joined GoIndustry five years ago, leading the company
through its successful listing on AIM and subsequent acquisition of
competitor DoveBid in January 2008.
Prior to that, Allbrook spent most of his
career within the leasing industry, including nine years in various
senior positions at GE Capital. These included running the EMEA
division of Sun Microsystems Finance, GE Capital’s global programme
with Sun Microsystems.
He has extensive experience in vendor finance,
having previously run Dana Commercial Credit’s vendor programmers
with Apple, Compaq and Mercury Communications.
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By GlobalDataSyscap CEO Philip White said Allbrook’s
experience would make him instrumental to the lessor’s growth
plans, which include a new European vendor finance programme with
Infor, one of the largest providers of enterprise software in the
world (see Leasing Life, June 2010).
White said: “John has an impressive track
record in the industry which will be invaluable to Syscap as we
seek to grow the company in the months and years ahead.”
Allbrook’s appointment is the latest move in
Syscap’s strategy to fortify its senior management in order to
“take full advantage of improving market conditions”, White
said.
Last year, the UK lessor appointed Fred Yue as
finance director and Phil Ross as chief operating officer. Yue
joined from Lloyds Banking Group, where he was interim finance
director of corporate banking, while Ross was previously MD at
Investec Asset Finance.
White added: “We have made significant
operational improvements to the way our business operates over the
last year and much of that can be attributed to the excellent
contributions from Fred and Phil.
“John’s arrival brings additional strategic
skills and direct relevant market experience to our Board as we
seek to take advantage of the current market conditions and grow
this business faster.”
