Syscap Executive – Top 50 Influential People in Asset Finance

1 July 2016 – Philip White, Managing Director of Syscap and Commercial Director of Wesleyan Bank, has been named in the Leasing Life ‘Power 50’, an annual list which acknowledges the top 50 most influential people in the asset finance industry across Europe.

The fourth edition of the Leasing Life Power 50 has received more input than any previous year, with nearly 1,100 people casting votes over a two week period. Voters were asked to nominate up to five people in the European leasing arena who they thought deserved to make the final shortlist.

This year’s ‘Power 50’ was dominated by senior figures working for lessors (31) with advisers from law firms, consultancies and accountancy firms making up the second largest category with ten people. The other nine entrants on the list consisted of brokers, trade association members and technology providers.

Philip White has been part of Syscap, the UK’s leading IT finance provider, for more than two decades progressing from Sales Director to Managing Director. More recently, he assumed a duel role as Commercial Director of Wesleyan Bank after Syscap was acquired by specialist mutual financial services provider Wesleyan in 2015.

White has played an instrumental role in overseeing the subsequent integration of Syscap as a subsidiary of Wesleyan Bank and has helped to spearhead a new strategic direction under two distinctive brands. From 1 April 2016, Syscap customers comprising professions, educational institutes and SME businesses transitioned to Wesleyan Bank with the Syscap brand being reserved exclusively for IT vendors, resellers and distributors. The combined division forms a formidable financial services business offering tailored and commercial banking solutions to over 22,500 customers.

The integration has already proven a success with the division achieving a 97% growth in commercial lending for January-May 2016 compared to the same year-on-year period in 2015. In addition, significant investment has been made in improving digital service capabilities, including Wesleyan Bank’s recently launched Tax Portal for customers who would prefer to transact their business online, along with Syscap’s upgraded Partner Portal which enables IT vendors and resellers to close more deals using the company’s payment over time option.

Philip White comments, “I’m proud to be recognised by the readers of Leasing Life and my fellow peers for the contributions I have made to the industry. To appear on the Power 50 alongside such highly esteemed figures is an achievement I would not have been able to make without having a hugely talented and hardworking team behind me.

“2016 has seen us make excellent strides in building a growing, successful and sustainable business which puts the long-term needs of our customers first. Wesleyan is also committed to drawing new talent into the financial services industry and we are investing heavily in our apprenticeship scheme to attract and nurture the future leasing talents of tomorrow.”