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FinArch Strengthens Risk Management Practice

Industry Expert Dr. Dan Oprescu Joins FinArch

Ghent, 1 December 2005 - Financial Architects nv (FinArch), leading international provider of the finance resource planning (FRP) platform for the finance industry, today announced that Dr. Dan Oprescu, an established industry expert in the field of Enterprise Risk Management, joined the company as Head of Risk Management Practice.

Dr. Dan Oprescu specialises in risk modelling and management in banking and insurance, with particular application to regulatory issues. He consults for some of the largest banks and insurers in the world, speaks regularly at risk conferences and teaches Risk Analysis and Modelling in Cass Business School, London. His experience covers also securities trading and asset management. Prior to working in the financial industry Dr. Dan Oprescu was a scientist with University College London.

Dirk De Beule, Managing Director FinArch says: "Dan’s experience with companies such as Credit Suisse, Barclays and Reuters will leverage the footprint FinArch already has in the financial services market place. We are very pleased that we could convince Dan to join FinArch and we look forward to working with him."

Stepping up to his new role Dan comments: "Current developments in risk management and regulation make for challenging times in the financial industry – and every challenge can be turned into an opportunity. Financial Architects is very well placed to achieve that for its clients, and I am very excited to join the team at this time"