LOMBARD APPOINTS NEW TEAM HEADS TO LEAD EXPANDED SOUTH EAST TEAM

Lombard Appoints New Team Heads To Lead Expanded South East Team

South East, July 2008 – Lombard, the asset finance arm of The Royal Bank of Scotland Group, has appointed three new team heads to lead its expanding Gatwick and Maidstone offices covering the South East and the Anglia. Lombard is dedicated to providing a broad range of asset finance options to meet the needs of every customer - helping people obtain the vehicles, vessels, aircraft, machinery or technology they need.

Tim Clucas has been appointed as Commercial Director of Asset Finance and brings to Lombard 25 years of experience in this sector. Mike Sacchi has taken up the role of Senior Business Development Manager after more than 30 years experience in asset finance. Like Tim, he is working with commercial businesses with turnovers between £1 million and £25 million.

Nicole Edwards has been appointed to the role of Director for Asset Finance Retail, supporting businesses whose turnover is up to £1 million. Nicole has worked for seven years in Lombard and brings a wealth of knowledge with her to the new role.

The Lombard team will be working with companies to help them grow their business by providing tailored asset finance solutions to fund equipment and vehicle assets, primarily for companies operating in the manufacturing, transport and IT sectors.

Lombard provides customers with a cost-effective business asset finance solution, allowing customers to lease equipment rather than to acquire them by outright purchase. Asset finance also allows businesses to maintain the most advanced technology and regularly update equipment as more s ophisticated models are introduced to the market.

Deborah Ring, Regional Sales Director, Lombard Asset Finance, commented:
"I am delighted to welcome Tim, Mike and Nicole into their new roles – already they have seamlessly taken on their positions, and as a team we are committed to providing the excellent service and value that Lombard is renowned for as the UK's leading asset finance provider. More than ever before, Lombard is positioned in the region to provide businesses with all their asset finance needs, be it a helicopter, a fleet of lorries or new IT equipment."

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For more information, please contact:
Phil Allan
Media Manager, The Royal Bank of Scotland
Tel: + 44 (0) 7899 062 129

Notes to Editors

Lombard is the asset finance division of UK Corporate Banking, part of The Royal Bank of Scotland Group

The Royal Bank of Scotland Group
The RBS Group is one of the world's leading financial services companies providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services. RBS Group operates in over 50 countries across Europe, the Americas, Asia and the Middle East serving more than 40 million customers and employing more than 170,000 people. In addition to the provision of a full range of banking services under The Royal Bank of Scotland and NatWest brands, RBS Group also includes ABN AMRO, Citizens Financial Group, Ulster Bank, Coutts Group, Direct Line and Churchill.