New Leadership Provides Strategic Governance and Risk Management Insight for FinancialCAD

Vancouver, BC, Canada, February 4, 2005 - Frank Barr, FCA, has been appointed to the board of directors at FinancialCAD, a software and services company that supports the valuation and risk management of financial securities and derivatives that is essential for banks, corporate treasuries and asset management firms. Fincad® Analytics are a key component in FinancialCAD solutions that are used by over 25,000 professionals in 60 countries.

Barr is chair of the risk management and governance board of the Canadian Institute of Chartered Accountants and past-president of the Institute of Chartered Accountants of British Columbia. He has extensive experience in the private and public sectors, providing advice and leadership on financial reporting, governance and risk management to boards and senior management.

Frank Barr, a chartered accountant with his own private practice, is well known in accounting and government circles in British Columbia. He joins FinancialCAD board members James Gibbons, president and CEO of Capital G Limited, Hamilton, Bermuda; Takashi Yuri, president of Techmatrix Corporation, Tokyo, Japan; Steve Korn, client delivery executive with EDS Solutions Consulting, New York, New York; and Bob Park, president of FinancialCAD.

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