Macgregor Appoints New STP Executive

February 7, 2002 – MacgregorTM, a global provider of buy-side trade order management systems (OMS) and FIX network services, announced today that Andrew Clark has joined the executive team as VP, Straight Through Processing (STP) Solutions. Mr. Clark will be responsible for all aspects of Macgregor’s STP efforts, and will report into Stephen Alepa, EVP, Networks and E-Markets.

Prior to Macgregor, Mr. Clark was a senior manager at Arthur Andersen, heading up the New England Asset Management Consulting Industry Group and directing the buy-side component of Andersen’s Straight Through Processing Practice. In this capacity, Mr. Clark was responsible for the development and execution of professional services with a focus on STP/T+1 Assessment and Planning engagements, investment management systems planning and implementation, and enterprise application integration for the buy-side community.

Mr. Alepa commented, "At Macgregor, we believe the OMS is the linchpin of buy-side STP, and as such, should be the key enabler of the STP solution. Andy’s level of expertise in delivering global STP solutions for investment management firms makes him an excellent fit for our team, and we are excited to take our STP efforts to a new level under his guidance."

Mr. Clark will also be overseeing the company’s strategic relationships with all industry trade processing utilities including GSTPA, SWIFT, and Omgeo.

Mr. Clark is a member of ISO Working Group 10, responsible for the extension of ISO15022 to support development of messages in a standard XML syntax, and is also co-chair of ISITC-IOA Technology and Standards working group. Mr. Clark is a frequent speaker on topics such as STP, enabling technologies, and outsourcing at numerous industry trade conferences, and has authored several STP articles in major industry trade publications.

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