Principia Partners Appoints Andrew Vickers as Executive Vice President & Chief Technology Officer

Jersey City, NJ - August 3, 2005 – Principia Partners, a leading provider of advanced end-to-end processing solutions for the structured finance and capital markets/treasury markets, has appointed Andrew Vickers as its new Executive Vice President and Chief Technology Officer. In this role, Andrew is responsible for furthering the development and execution of the Company's technology vision and roadmap. He has been charged with management of the product architecture, application development and information technology teams supporting the Principia System.

Andrew comes to Principia after a 7-year career at FNX Limited where he was Executive Managing Director and CTO. There, he was responsible for several major technology initiatives, including the implementation of the scalability and reliability features of the system’s client-server architecture and ASP solution.

Prior to FNX, Andrew was with ABN-AMRO Bank where he was project manager responsible for a multi-site global FX Options trading system and network. In addition, Andrew had several years experience as an FX options trader as Deputy Head of FX Options trading at ABN-AMRO and at Continental Illinois National Bank. Andrew has a B.S. degree in Electrical Engineering from Imperial College, University of London.

"We’re extremely excited to have someone with Andrew’s background and leadership experience on the executive team to help deliver our strategic company and product initiatives," states Theresa Adams, President and CEO of Principia. "In addition to his technical know-how and experience, Andrew has a very strong customer-minded orientation that will enable us to more effectively satisfy the requirements of existing and new customers."