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Swallow Technology appoints Jan Kirchhoff as Head of Cash Management and Treasury Solutions, London, 17th October 2005

London – 18th October 2005, Swallow Technology Limited (Swallow Tech) is pleased to announce the appointment of Jan Kirchhoff as Head of Cash Management and Treasury Solutions. Jan has a wealth of business, technical and operational experience gained at Data Sciences Group, where he was Product Manager for integrated dealing systems, as well as senior and more recent positions at Deutsche Bank and UBS, where his responsibilities covered Money Market, Repo, Treasury Technology and Processes.

Reporting to Tony Waszkiewicz (CEO), Jan will be responsible for Swallow Tech's cash management and treasury solutions with specific focus on the next generation of the SMART Predict, cash management solution. Utilising real-time feeds from a variety of internal and external sources, SMART Predict provides enterprise-wide multi-currency cash predictions on an intra-day basis. The real-time ‘Forecast Monitors’ can be tailored to meet the specific needs of the Treasury or Operations departments. Balance information can be configured and broken down by Nostro, currency, value date etc., which in turn can be drilled-down to a transaction level.

Tony Waszkiewicz said: "We welcome Jan to Swallow Tech; his expertise will help us in achieving our objectives to supply modular and integrated solutions to the financial services industry that are functionally rich and cost-effective.