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Harvard Management Company Selects Asset Control For Management of Security Master Data

New York, June 16, 2003 - Asset Control, a leading provider of investment data management solutions to the financial industry, today announced that Harvard Management Company has licensed the AC Plus solution for the management of instrument reference data, also called security master data.

"We are pleased to welcome Harvard Management to the group of prestigious financial institutions that comprise the Asset Control customer base," said Ger Rosenkamp, CEO of Asset Control. "The quality and consistency of security master data has been identified as a key issue in organizational efficiency. It is essential to front-to-back office integration as well as straight-through processing of trades and settlement. Asset Control is committed to supporting our customers in streamlining their reference data management."