FRSGlobal

FRSGlobal bolsters European presence with new appointments

26/05/2009

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Brussels - May 26, 2009: FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 30 countries on a unified platform, today announced that it has expanded its presence in Europe with the appointment of Tim Carley as Vice President EMEA South and Ada Leonetti as Sales Executive.

Tim Carley has over 18 years' experience working in the European financial services industry with leading trading and risk vendors including Reuters, SunGard, Calypso, and DataSynapse, where he was Director Continental Europe for six years. At FRSGlobal, Tim will be responsible for driving sales in Luxembourg, Austria, Switzerland, Italy, Spain, Portugal and Germany. Ada Leonetti joins the FRSGlobal team to execute sales in Italy and Spain and will be based in Madrid.

Steve Husk, CEO at FRSGlobal, commented:

"The raft of regulatory changes expected across Europe means that hiring talented staff across the region is an absolute priority. Experience and understanding of the Continental European market is vital and we look forward to welcoming Tim and Ada to the fold."

About FRSGlobal

FRSGlobal is the only provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model.

FRSGlobal solutions are a combination of modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine:

• RiskPro provides profitability analysis across the following risk types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic Capital.



• RegPro enables financial institutions to address major regulatory and compliance requirements locally and globally - with reports for more than 30 countries.



• Subscribing clients benefit from the FRSGlobal Guarantee, which ensures the regulatory reports are maintained in line with the Regulators' requirements.



• FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and regulatory activities in 100+ countries.