ISITC Europe Executive Committee Appoints New Member

London, 6 May 2003 - HelioGraph, the Straight Through Processing (STP) and Financial Messaging specialist, announced today that Gert Raeves, their Securities Product Manager, has been voted onto the ISITC Europe Executive Committee. Gert and Nigel Solkhon from IBM now have the responsibility of representing the vendor community in Europe.

ISITC-IOA (International Securities Association for Institutional Trade Communication - International Operations Association) is a global working committee of securities operations professionals representing custodian banks, investment managers, brokers, and vendors. The group's mission is to foster alliances and advocate standards that promote straight through processing (STP) of securities transactions. Gert's appointment to the European Committee comes as part of the group's undertaking to recognise the valuable contribution that the vendor community makes to ISITC.

Stuart McKinlay, Chair for ISITC Europe comments: "It is with pleasure that I welcome Gert Raeves from HelioGraph to the executive committee. Gert is well known to the membership and we look forward to his valuable contribution."

Amery Thomas, CEO at HelioGraph adds: "We are immensely proud of Gert's appointment to the committee of this high profile industry organisation, we know that the position was highly contended."

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