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Rhyme Systems makes key appointments to boost Quasar development team

London 15th October 2004: Rhyme Systems today announces it has strengthened its customer focus with two key appointments and the formation of a development and support services team for Quasar customers.

Quasar includes investment-modelling functions to support collective investments instruments and has a large installed base of mainly UK investment management firms. Clients include M&G, Jupiter, Newton and Coutts.

The Quasar Development and Support Services Group will be headed by Jayne Goodwin, former Quasar Development Manager, who has been with the company for over 16 years.

Meanwhile, Sid Khan has been appointed head of a new product services team, charged with ensuring the current and future delivery of Quasar to its client base.

Ian Hallam, Product Centre Manager, Rhyme Systems comments: "The new structure has also been strengthened with the appointment of Sid Khan as Head of Quasar Product Services who will be responsible for ensuring the delivery and development of services, such as implementation and staff training in line with the current and future plans of the product."

"Overall this new structure will allow us to support our customers' needs more efficiently as well as encapsulate the increasing number of activities associated with the roll out of Quasar in a more cohesive and targeted direction. We wish Sid and Jayne every success in their new roles."

This summer, Rhyme announced the signing of a new Quasar 6 software contract with Guernsey-based fund manager Generali International Limited.

Rhyme specialises in helping buy-side investment firms unlock the hidden value of the back-office. Rhyme's customers include Lloyds TSB, Barclays, Rathbone and Brewin Dolphin.

Jayne and Sid will take up their positions at the end of September.