18 Aug 2017 18:00
18 August 2017
SQN Asset Finance Income Fund Limited
Directorate Change
The Board of SQN Asset Finance Income Fund Limited (the "Company" or "SQN"), the leading diversified equipment leasing fund listed in the UK, is pleased to announce the appointment of Mr Paul Meader as a Non-Executive Director with effect from today (18 August 2017).
Mr Meader is an independent director of investment companies, insurers and investment funds. He was previously Head of Portfolio Management for Canaccord Genuity based in Guernsey, prior to which he was Chief Executive of Corazon Capital. He has over 30 years' experience in financial markets in London, Dublin and Guernsey, holding senior positions in portfolio management and trading. Prior to joining Corazon he was Managing Director of Rothschild's Swiss private banking subsidiary in Guernsey.
Mr Meader is a Chartered Fellow of the Chartered Institute of Securities & Investments and past Chairman of the Guernsey International Business Association.
Commenting on this appointment, Peter Niven, Chairman of SQN, commented:
"We are delighted to welcome Paul to the Board as we believe his investment management skills and his wide board experience will complement the current make-up of the Board. This additional appointment, as the company continues to grow rapidly, will ensure we have the necessary strength and depth on the Board going forward and we look forward to his contribution and support."
Mr Meader is a Director of Highbridge Multi-Strategy Fund Limited, Schroder Oriental Income Fund Limited, JP Morgan Global Convertibles Income Fund Limited, Volta Finance Limited, ICG Longbow Senior Secured UK Property Debt Investments Limited and Guaranteed Investments Products 1 PCC Limited. He was previously a Director of Spitfire Funds (Bermuda) Limited. Mr Meader was also an Executive Director of both Corazon Capital Limited and Corazon Capital Group Limited which were placed into voluntary liquidation in 2012.
There is no other information to be disclosed under Listing Rule 9.6.13.
For further information please contact:
BNP Paribas Securities Services S.C.A. Guernsey Branch
Sarah Hendry
Telephone: 01481 750 850
SQN Capital Management, LLC
Jeremiah Silkowski
Neil Roberts
Telephone: +44 (0)20 3214 9000
Buchanan
Charles Ryland
Vicky Hayns
Telephone: +44(0) 207 466 5000
Notes to Editor
The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK, Northern Europe and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.
The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.