GIS Hires Director of US Sales and Marketing

Hackensack, NJ, Nov. 12, 2003 – Global Investment Systems Ltd. (GIS), a global supplier of specialized accounting software for the securities industry, today announced the appointment of Mary Pizzichino as Director of US Sales and Marketing.

In this position, Ms. Pizzichino will be responsible for overseeing the development of sales and customer relationship management, and for directing the marketing strategy for the North America and Caribbean regions. Before joining GIS, Ms. Pizzichino was a Senior Vice President and Product Manager with Sungard Shareholder Systems where she was responsible for product development, sales and marketing, and customer relationship management.

In commenting on the appointment, Nigel N. Wilson, CEO and president of GIS, said, "It is with great pleasure that we welcome Mary to the GIS family. Her leadership capabilities, knowledge of the financial services industry and the breadth of her professional experience will provide significant value to our already world class sales and marketing team."

"I am very pleased to be associated with GIS," said Ms. Pizzichino. "It not only has a great reputation for professionalism, product support and client service, it also has a product lineup that's way ahead of its competition."

Early in her career, Ms. Pizzichino enjoyed successful tenures at Fidelity Investments, where she was a Senior Professional Advisor for the Fidelity Advisor Funds, and at DST Systems, Inc. as a Senior Systems Consultant in their Advanced Technology Group. Ms. Pizzichino holds a Bachelor of Arts in Business from Rockhurst College.

Formed 10 years ago after a management buyout from Price Waterhouse, GIS is headquartered in Hackensack, N.J., and has an office Dublin, Ireland. The company maintains over 100 installations of its products throughout the world in 16 countries, servicing more than 3,500 mutual funds, hedge funds and portfolio accounts with more than $294 billion in assets under management.

Its products include: MFACT®, GIS’ highly flexible fund accounting and administration system, used by hundreds of mutual funds and trusts worldwide; and MSHARE®, a completely scaleable transfer agency and shareholder record keeping system that supports both retail and institutional investment funds.

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