COR’S DOUG BOIT, TECHNICAL DIRECTOR VOTED IN AS VENDOR REPRESENTATIVE ON THE ISITC EUROPE EXECUTIVE COMMITTEE

LONDON, February 12th 2004: COR STP Solutions, a division of COR Financial Solutions, the leading provider of STP solutions to investment managers worldwide, announce Doug Boit, Head of Research Director has been voted in as vendor representative on the ISITC Europe Executive Committee. He will be formally welcomed at the first ISITC Quarterly meeting on 26th February 2004 at the London Underwriting Centre. Doug Boit is well known throughout the Securities Industry. Doug was the principal architect of the award winning Straight Through Processing solution, Salerio e2e and has been responsible for the implementation of STP strategies with a number of major global asset managers. He is also a member of the adjunct faculty of the International University of Monaco where he teaches business analysis and system design. His current research activities involve identifying emerging technologies and assessing their applicability to the investment management industry.

Doug has been involved with ISITC for a number of years during which time he
has established firm relationships with its global working committee of securities operations professionals representing custodian banks, investment managers, brokers and vendors.

Doug Boit said: "eing voted onto the ISITC Europe Executive Committee by
some of the industry’s leading players is a real privilege. I look forward to
working closely with the various working committees to achieve the goals set out
by ISITC"

Stuart McKinlay added: "learly having Doug on board will provide yet more
strength to the ISITC Europe Committee. Doug brings with him a vast amount of
experience that can only benefit the support service ISITC offers to the Securities Industry"

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