Kurtosys appoints advisory board

London, 27 April 2009

Kurtosys, the asset management industry’s provider of end-to-end solutions for data aggregation, business workflow and client reporting today announced the formation of the Kurtosys Advisory Board.

The newly formed group, comprising innovators and thought-leaders from across
the global asset management industry, will provide Kurtosys’ board of directors and executives with advice on strategy, solution and technology direction, as well as asset management domain industry expertise.

“Recent events in the asset management industry have suggested that it needs to significantly improve client reporting to investors. These improvements include swifter reporting, greater transparency and increased accountability from asset managers,” said Virginia Gambale, Kurtosys chairman.

“The industry experience provided by our advisory board will help Kurtosys to keep ahead of the curve with the continued development of products and services that meet and exceed the needs of our industry,” said Mash Patel, Kurtosys CEO.

Kurtosys provides a client reporting service that automates data aggregation,
report calculation, report generation and report distribution through an innovative web application. The Kurtosys service gives complete control of the reporting process to its customers with a domain-rich web interface that is designed specifically for each market segment within the asset management and asset servicing industries.

The advisory board will consist of industry leaders within each market segment
serviced by Kurtosys, including asset management, fund administration, custody
banking and private wealth management.

Notes to Editors
Mash Patel and Virginia Gambale are available for interview upon request.

Joining the advisory board are:

Margo L. Cook, CFA
Ms. Cook is Executive VP, Director of Investment Services for Nuveen Investment, Inc. Prior to that, Ms. Cook served as Global Head of Bear Stearns Asset Management Institutional Business. Ms. Cook held a number of important roles over 20 years within The Bank of New York Mellon’s asset management business, including: CIO and Head of Institutional Asset Management, Head of Institutional Fixed Income and Senior Fixed Income Portfolio Manager.

Ivar Eilertsen
Mr. Eilertsen is the CEO and Founding Partner of Harbor Capital Technologies. Mr. Eilertsen has more than 25 years of global experience in the financial industry. Prior to founding Harbor Capital Technologies, He was MD and Senior VP at Thomson Financial. He worked for a total of ten years at ADP Brokerage Services Group (now Broadridge) in various senior executive roles, including CEO Americas of ADP Wilco; Managing Director, Global Bank and Brokerage Sales; and President / General Manager of ADP’s StockVal Inc.

Susan Paternoster
Ms. Paternoster is senior managing director and head of IT for New York Life Investments, the asset management subsidiary of New York Life Insurance Company. Ms. Paternoster has over 20 years of experience in delivering broad-based technology solutions to companies in the financial services arena.

David York
Mr. York is Co-founder, CEO and Managing Director of Paul Capital Investments, LLC. Mr.
York has over 24 years of experience in the Financial Services Industry. Prior to his current position, Mr. York worked for Chase H&Q, Volpe Welty & Company, Ewing Irrigation Products, Drexel Burnham Lambert and Paine Webber.

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