FNX Limited announces former Advent Software Executive Vice President as new Board Member

PHILADELPHIA, 1st October 2003– FNX Limited (FNX), a leader in the delivery of technology solutions to the financial services industry, announced today the appointment of Collin Cohen as a member of its Board of Directors.

Mr. Cohen’s experience includes serving as Executive Vice President at Advent Software. During his five plus years at the company, he helped lead Advent from $50mm in revenues to $170mm in revenues, Mr. Cohen had varied responsibilities, including managing two subsidiaries, Product Management, Marketing, Strategic Partners and Alliances, Corporate Development, Investor Relations and New Business Development. Prior to Advent, Mr. Cohen was a Principal at American Industrial Partners, a private equity firm managing over $800mm, and was a Manager at Bain and Company in San Francisco and Boston. Mr. Cohen holds an M.B.A. from Harvard University and a B.A. from Stanford University.

Mr. Cohen will be joining other industry experts in the FNX Board including: Farid Naib, FNX’s Founder and CEO; Phil Bell, FNX’s President and CFO; Walter Buckley, International Capital Group’s CEO; Mark Galant, Gain Capital’s CEO; Kurt Herwald, Chandelle Solutions’ CEO and Mike Winchell, Bear Wagner Specialist’s COO.

Farid Naib, FNX’s CEO commented: "I am very exited about Collin joining our board. Collin has extensive industry experience, relevant to FNX’s direction. His assistance will be of great value for our company".

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