New Board member Simon Frumkin joins Financial Objects as Finance Director

London, 19 January 2005 – Financial Objects, a leading supplier of advanced technology banking software and services, has announced the appointment of Simon Frumkin. Based in Financial Objects’ London headquarters, Simon joins the Main Board as Finance Director responsible for Finance and Administration.

Simon comes to Financial Objects from Orange SA. He joined Orange in 1999 and held senior financial positions in the international organisation of the Group. Prior to joining Orange, Simon spent 7 years at KPMG, working in both London and Berlin.

Roger Foster, Chairman of Financial Objects comments on Simon’s appointment, "We believe that in 2005 the company will move back into a growth phase, and as a result we believe the time is right to appoint a Finance Director who can assist the company through the next phase of its development. The Board firmly believes that Simon’s experience will prove invaluable during the crucial period for the company."

On top of Simon’s appointment Financial Objects are also pleased to announce that Paul Furminger has joined as Business Development Manager. Paul brings with him over 15 years experience in Retail Banking, Business Development and Partner Management encompassing roles at the Royal Bank of Scotland, SchlumbergerSema and Temenos Systems.

Peter Watts, Sales and Marketing Director of Financial Objects comments, "Paul has an able and successful sales record within our industry and it is rare to find someone of his calibre with hands on experience of retail banking. By working with our existing customers and partners I am looking for Paul to further add to the demonstrable commercial success of the partner program."

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