Princeton Financial Systems Adds Alan McKenna to Its European Sales Support Staff

Windsor, UK (25, May 2004) -- The continuing growth of the European institutional investment market has enabled Princeton Financial Systems to expand its sales support for its PAM family of portfolio management and accounting systems, by adding Alan McKenna to its European region sales support staff.

Mr. McKenna comes to Princeton Financial Systems from FundPartners BV in the Netherlands, where he has been a Fund Accounting and Transfer Agency consultant since 2001. He has also worked in a variety of investment accounting and administration roles at Setanta Asset Management and Bankers Trust in Dublin. In these roles, Alan has acquired in-depth knowledge of European financial markets and institutions, broad consulting experience in BPR, implementing STP, and in establishing systems and processes for offshore fund servicing, pensions administration and funds management.

Mr. McKenna holds a graduate diploma in E-commerce from the National College of Ireland (NCIRL). He has also earned a BA, with honours, in Business Administration from John Moores University in Liverpool, and a certificate in German and Marketing from the Sligo Institute of Technology in Ireland.

"We look forward to Alan’s contributions in helping us to expand our presence in the Europe Middle East & Africa (EMEA) region. His skills and experience will enhance our ability to identify and meet the needs of institutional investors in this important market," says Lorne Whitmore, Princeton Financial System’s Managing Director of Global Sales.

Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation, is a leading provider of investment management and accounting systems and ASP services for global institutional investors. Its flagship PAM investment management systems provide comprehensive STP-ready functionality that can be licensed for in-house use or accessed via the Internet. PAM systems are currently used worldwide by over 375 leading investment managers, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets of over US $3 trillion. Princeton Financial has offices located in the United States, United Kingdom, Belgium, Australia, Singapore, and Canada.

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