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Princeton Financial Systems Adds Alex Mitchell as Director of UK Client Services and Implementation

Windsor, UK (13 July 2005) – Princeton Financialâ Systems announced the addition of Alex Mitchell as its new Director of UK Client Services and Implementation. Mr. Mitchell will manage the UK and European client service and support teams, as well as the day to day operational activities. Mr. Mitchell will be based in Princeton Financial’s UK office located in Windsor.

Mr. Mitchell has over twenty years experience working with technology, fifteen years of IT operational and executive relationship management experience within the financial sector, including eleven years at London International Financial Futures and Options Exchange. During his tenure at LIFFE, Mr. Mitchell supported trading floor information systems, real-time market data and trade quote matching systems, as well as back office clearing processing.

"Princeton Financial is excited to have Alex join our management team. His extensive background in providing sophisticated technology solutions to the European marketplace, combined with his commitment to client service, will serve PFS and its European client base well," says Brian Buchinski, Princeton Financial System’s Managing Director, Client Services.

Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation, is a leading provider of investment management and accounting systems and ASP services for global institutional investors. Its flagship PAM investment management systems provide comprehensive STP-ready functionality that can be licensed for in-house use or accessed via the Internet. PAM systems are currently used worldwide by over 375 leading investment managers, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets of over US $3 trillion. Princeton Financial has offices located in the United States, United Kingdom, Netherlands, Australia, Singapore, and Canada.