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FNX Limited hires leading Kondor+ sales professional-Wang Bor Chen’s appointment to Regional Director, Greater China, signals FNX’s continued commitment to and success in Asia

Philadelphia, October 24, 2001 - FNX Limited (FNX), a leader in delivering financial technology solutions to the global capital markets, today announced the appointment of Wang Bor Chen to the new role of Regional Director, Greater China. The appointment reflects FNX’s continued drive to enhance the company’s existing Asian sales initiatives.

Chen has considerable capital markets experience, having managed significant business initiatives while working for global financial players Reuters and Unisys, as well as the Taiwanese company Solex Limited. In his role at FNX he will be responsible for implementing all sales strategies and initiatives for the Greater China region. Chen will report to Sean McDermott, the Senior Managing Director responsible for Asian sales and operations.

As the Taiwanese Product Manager for Reuters Kondor+, Chen’s responsibilities included implementing and supporting workflow processing and treasury procedures for global wholesale banks. With Reuters since 1997, Chen achieved major sales milestones and was an active participant on the Asian risk management speaker circuit. Prior to joining Reuters he was a Financial Consultant with Unisys Taiwan, where he specialized in the design and development of workflow processing systems for accounting and settlement procedures. Before joining Unisys, Chen designed and developed client-server based systems for Solex Limited, Taiwan. He is a graduate of Cornell University with a Masters Degree in Engineering.

Sean McDermott, FNX’s Senior Managing Director for Asia, commented: "FNX’s Asian client base continues to grow. Over the years FNX has established itself as one of the leading providers of trading and risk management solutions to the Asian markets, and we are excited to have Wang Bor as a part of our Asian sales team."