COR RISK SOLUTIONS LAUNCHES BITA STAR A NEW STRATEGIC ASSET ALLOCATION AND "KNOW YOUR CLIENT"/ COMPLIANCE SOLUTION FOR THE PRIVATE CLIENT INVESTMENT MARKET

LONDON, February 10th 2004: COR-RS (COR Risk Solutions), a division of COR
Financial Solutions, a leading global software provider of business and risk
management solutions to support banking, securities and asset management,
announced today the launch of BITA Star.

BITA Star will provide fund managers, family offices and private banks with a
sophisticated new system that addresses key areas of the private client
investment process.

Taking a workflow approach BITA Star helps the investment manager identify
clients’ appetite for risk and return and their need for income or capital growth. This approach assists the firm comply with "Know Your Client" requirements and provides the input into the portfolio construction phase.
BITA Star calculates a proposed asset class level allocation for the client, or for model fund based managers, selects a recommended model portfolio based on
the client profile. As private clients require high quality reporting and analysis BITA Star produces a comprehensive report pack. This provides textual, tabular and graphical information about portfolios’ asset class allocations, risk and performance. The fund manager uses these reports to agree the investment strategy with the client and can then use BITA Star to review this strategy on a regular basis into the future.

Simon Tizard, Managing Director of COR-RS commented: "We have worked very
closely with a leading private bank to design and build BITA Star for the private client sector. Our pre-launch research indicates that the system offers unique functionality by combining institutional levels of investment sophistication within a specifically designed private client methodology."

Building on its extensive experience in supplying quantitative investment
solutions COR-RS has used the data management, reporting and risk and
optimization capabilities of the BITA Curve platform to form the foundations of
BITA Star.

Laurence Wormald, Director of Research at COR-RS, adds: "We were very lucky
to work with a customer that wanted to use our mathematical and technical
expertise to help take private client investment management to a new level of
sophistication. I am sure that BITA Star will be well received both by
organisations constructing bespoke portfolios for their clients and also by those that take a model fund approach."

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