Phillip Underhill joins SCC Swiss Commercial Capital Ltd as new Chief Operating Officer

16 September 2008

Phillip Underhill brings in 30 years experience in operational and risk management of accounts receivable transactions including senior positions with Borg Warner Acceptance, CIS, ITT and Transamerica. Most recently he was Head of Deutsche Financial Services UK and, following acquisition, with GE Capital until July 2008.

In his new position on the executive team he will be overseeing the company’s Business- and Credit Services as well as being responsible for the operational aspects of IT-Services.

Focusing on global vendors seeking to drive value into their financial supply chains, Swiss Commercial Capital guides its clients with regard to credit control risk allowing them to move safely in to challenging markets while providing a competitive advantage through extended terms for buyers.

"We are delighted to have such an experienced individual joining our company” said Kai Keong Ng, Swiss Commercial Capital Chairman, "Having Phil on board takes our operational and risk management knowledge to a completely new level. Phil is the perfect fit and we believe that his experience is unmatched in the market which will further accelerate the company’s growth."

“The opportunity to return to working in the emerging and fast growing environment of Supply Chain Finance in combination with the experienced and highly motivated Swiss Commercial Capital management team was too good to miss ” said Phillip Underhill, new Chief Operating Officer of Swiss Commercial Capital.

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