NFS Continues Expansion of European Consultancy Offering

Gothenburg, 13 January 2005 - Nordic Financial Systems (NFS), the provider of technical and business integration services to the treasury industry, today announced the appointment of business consultant and project manager Pascal Herrmann, signalling that customer demand for its services in Europe is still growing.

NFS' team of European consultants has expanded considerably in the last year with the appointment of four new senior consultants. Magnus Lind, CEO of NFS, comments, "NFS is expanding both within Europe and abroad with offices in Spain, Singapore, Belgium, Sweden and an imminent office in North America. Herrmann is joining a dynamic and growing team and his business and treasury knowledge will only enhance the service we extend to our clients."

Herrmann joins NFS from Accenture where he was a senior business consultant, working across Germany, Belgium, France and Luxembourg. In this role, he worked on several treasury technology integration and upgrade projects and is keen to further enhance his treasury focus.

Speaking about his appointment, Herrmann commented, "NFS has an excellent team of consultants with unparalleled treasury knowledge and technology expertise. Its niche focus on the treasury space provides an excellent opportunity for me to expand my own specialist treasury knowledge. I'm also looking forward to working on projects spanning different countries and cultures. It is an exciting time to be joining such a growing company."

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