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PENSON FINANCIAL SERVICES LTD. PLANS FOR GROWTH WITH THREE NEW HIRES

Penson Financial Services Ltd (PFSL), the UK based clearing services subsidiary of Penson Worldwide, Inc., announced today the appointment of three new managers for the London operation: Sandra Cardoso, Client Services Manager; Shaun Crowley, Sales Manager, UK and Europe; and Matt Digby, Product Manager.

Commenting on the new appointments, Alan Philpot, CEO of Penson Financial Services Ltd said, “Client service and product delivery are core to Penson’s execution, clearing, settlement and custody proposition. I am delighted that Sandra, Shaun and Matt have joined the Penson team. Each brings proven track records for high levels of client service and delivery, and we believe that they fully complement the Penson approach.”

Sharron Davey, Director of Client Services, Sales and Marketing added, “Over the past year, Penson has been reviewing its processes, products and service delivery standards. As a result of this strategic review, we have invested both in new technology and new staff. We are confident that we are well positioned to offer a highly focused and quality approach to service and delivery for our clients.”

Sandra Cardoso joins PFSL with seventeen years experience in the UK financial services industry, most recently from Singer & Friedlander Investment Management where she was Leader of the Client Services Team. Cardosa is responsible for managing PFSL’s Client Services Team, working closely with the sales teams and supervising middle office and static data.

Shaun Crowley joins with more than twenty years experience in stockbroking and asset management services. He joins with experience from sales at BITA Risk Solutions (part of the COR-FS Group), Platform Computing and Misys Asset Management Systems (formerly ACT Financial Systems). Crowley will be responsible for new business sales in the UK and Europe.

Matt Digby joins PFSL bringing experience from previous positions as Senior Business Analyst at Xcitek, a Corporate Actions software provider, Head of Corporate Actions and Asset Servicing at Mizuho International plc and Forex trading roles at Bank of America and BNP Paribas. Digby will be responsible for delivery of PFSL’s products to support Cardosa and Crowley.