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Donal O'Brien departs CTO role at ADP Brokerage Services for Coexis

LONDON- 10 May 2004. Coexis, providers of Syn~ process-oriented and rules-based software across the whole spectrum of commercial banking has announced the appointment of Donal O’Brien as director of business development.

Donal O’Brien was previously co-chief technology officer at ADP Brokerage Services Group. In the last year he focused on extending outsourcing and ASP (Application Service Provider) services. Commenting on the attraction of Coexis he said: "Better client servicing has become as important as return on investment for commercial banks. Syn~’s unique flexibility to meet individual users’ precise business needs, no matter how often they change, complements utility services such as ASPs. Coexis provides the industry with a distinctly better way of servicing clients. I am excited to have the opportunity to work with this team."

Donal has more than 15 years' experience in the securities industry. He was the original designer of ADP Wilco's Gloss trade processing and settlement platform, used extensively by institutional banks. At ADP Brokerage Services Group he had responsibility for sales strategy across all international markets.

Terry Williams, chief executive officer of Coexis said: "Syn~ is gathering momentum in the market and I am delighted to strengthen the management team with someone of Donal’s calibre. His experience spans many market sectors from the institutional and prime brokerage space to retail brokerage, custody and asset servicing."