HP European Treasurer Sarah Jones To become CEO of SCF Capital

SIBOS, Sydney Australia - 10 October 2006

Conor Maher, also from HP’s award winning treasury, joins SCF Capital as EVP BPO and Distributor Financing

Today at SIBOS, SCF Capital announced that it was appointing HP European Treasurer Sarah Jones as CEO, and HP European Treasury Services Manager Conor Maher as EVP BPO and Distributor Financing.

John Sculley, Managing Partner NY of SCF Capital, stated, “We are delighted to be bringing on Sarah Jones as CEO and Conor Maher as EVP BPO and Distributor Financing. By leveraging their experience of HP’s world class treasury organisation in the areas of operations and distributor financing programs, Sarah and Conor can help SCF Capital bring this leadership to Fortune 500 companies.”

Recently HP won the 2006 EuroFinance International Award for Treasury Excellence for Sarah Jones’s thought leadership in supply chain finance. In her 22 years at HP, Sarah has overseen the implementation of regional Treasury Centres, consolidation of Treasury activities through mergers such as Compaq, and supported the design and implementation of distributor financing programs. In setting up the European Treasury Centre, which now manages the daily cash operations of 29 countries, Sarah was one of the original pioneers and champions of the global re-engineering program that transformed HP Treasury to it’s Hackett Group-recognized world-class status.

Conor Maher as Treasury Services Manager was responsible for the Treasury operational activities for EMEA, Latin America and Canada as well as the management of HP's sizeable offshore investment portfolio. Conor’s past experience in working with HP’s BPO organisation will help SCF Capital strengthen its ability to partner with BPO providers and implement distribution financing programs.

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