Sky Capital Holdings Limited Announces Key Appointments


NEW YORK, May 17, 2004 (PRIMEZONE) -- Sky Capital UK Limited ("Sky Capital UK") the wholly owned subsidiary of Sky Capital Holdings Ltd. (LSE:SKY), the London and New York-based full-service investment banking and brokerage firm, is pleased to announce that, following the successful closing of its parents GBP 18.3m fundraising it has expanded its Equity Research Department by the appointment of three analysts to join Kevin Fogarty. The analysts are:


 -   Miss Daniela Lungu joined Sky Capital UK in April 2004 as a
     Construction & Building Materials Analyst. Daniela comes with
     valuable sector experience, gained at Deutsche Bank where she
     formed part of the Pan-European Construction & Building Materials
     team.

 -   Mr David B. Blackwood joined Sky Capital UK in April 2004 as an
     Industrials Analyst. David comes with over 20 years sector
     experience having worked for firms such as Commerzbank Securities
     and Merrill Lynch.

 -   Mr Gavin Wood joined the company on 1 April 2004 as a Mid and
     Large-cap Analyst, covering the UK Leisure and Transport sectors.
     Formerly of Cazenove & Co. Ltd, Gavin has extensive research
     experience across a range of sectors. Prior to Cazenove, Gavin
     worked for PricewaterhouseCoopers where he qualified as a
     Chartered Accountant.

These appointments to our research department signal our continued commitment to adding value to our clients and bring our coverage of the FTSE 250 to approximately 50%.

Commenting on the appointments James Crimi, Chief Executive Officer of Sky UK said: "I am delighted that we have managed to attract analysts of this calibre to Sky Capital UK and I am confident that this, combined with our continued cost control will improve the Sky Capital UK franchise."



                 This information is provided by RNS
       The company news service from the London Stock Exchange


            

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