FNX Limited Establishes New Regional Office in Bangkok to Support Business Growth

Mark Doucette Appointed to Direct Southeast Asia Operations

June 11, 2003, Philadelphia, PA - In a further expansion of its South East Asia business, FNX Limited (FNX), a leader in the delivery of trading and risk management solutions to the global financial markets, has established a regional support center in Bangkok, Thailand. FNX Director Mark Doucette will manage the customer support hub and software development site.

From the Bangkok office, FNX’s team will provide support to local clients using FNX’s Sierra trading and risk management products. These clients include BankThai, Siam Commercial Bank and Bank of Ayudha. FNX’s Southeast Asia hub will also support clients throughout the region and will provide the Asia time zone support for FNX’s global clients. FNX’s Bangkok team will include senior-level business consultants, applications analysts and software developers.

Mark Doucette, appointed Director, Southeast Asia Operations, has worked for the company for six years and has been involved in FNX systems development and project implementation. Mark is a Certified Financial Risk Manager, holds a degree from Emory University. He previously worked on the trading desk of a Solomon brothers.

Farid Naib, founder and CEO of FNX Limited, commented on the opening of FNX’s fourth office in Asia: "Over the past several years FNX has established a very strong presence in the Asian financial markets. We are committed to continuing to provide excellent service to our clients in Asia and throughout the world, as a prerequisite to the continued growth and success of our clients and partners as well as our company. The Bangkok center will allow us to provide enhanced support to our clients in this region as well as to our global clients".

FNX Limited, headquartered in Philadelphia, also has offices in London, Hong Kong, New York, Singapore and Tokyo

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