CMG Veteran Brings More Than 25 Years of Regulatory, Risk and Core Banking Experience to the FRS Sales Management Team

London, 26 June, 2003 – FRS, a business unit of S1 Corporation, and a leading global provider of regulatory and financial reporting and analytics solutions to more than 600 financial institutions worldwide, today announced the appointment of Kieran Leahy, key account manager for UK and Ireland. In this position, Leahy will lead FRS strategic and key account initiatives in the region for FRS FinancialAnalytics solutions that enable financial institutions to deliver regional and global regulatory and financial reporting that provide the foundation for Basel II and IAS compliance across the enterprise.

"We are pleased to bring someone with Kieran's regulatory and risk management expertise and comprehensive business perspective to FRS," said Alain Tayenne, vice president EMEA and APJ for FRS. "Kieran's proven track record of achieving success and overall market knowledge will have an immediate positive impact on the entire FRS organization."

Prior to joining FRS, Leahy was a director at LogicaCMG, and was named chief executive officer of the joint venture between CMG & Sopra, managing the JV initiative on behalf of CMG. He was responsible for CMG’s global finance business managing the international sales efforts for regulatory reporting and risk management solutions. During his eleven-year tenure at CMG, Leahy also held sales and development management positions for regulatory, risk, ERP and core banking solutions. Prior to CMG, Leahy held various positions at Hong Kong and Shanghai Banking Corporation, and Banque Nationale de Paris.

"I am impressed with FRS' innovative approach to delivering comprehensive regulatory, risk and corporate performance managements solutions for global financial institutions," said Leahy. "I am excited by the company’s opportunities for FRS FinancialAnalytics which reduce the overall cost of Basel II and regulatory compliance, increase management control and allow users to gain business insight across the enterprise."

FRS began delivering financial reporting solutions in the UK market in 1994 and in Ireland in 1996. Today, FRS provides financial reporting and analytic solutions to more than 600 financial institutions in over 20 countries, including 37 of the top 50 European based financial institutions.

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