CITISOFT HITS 1,000 YEARS

-Citisoft's consulting team reaches 1,000 years of experience in investment management

26 January 2005 - London & Boston - Citisoft, the specialist investment management consulting firm, today announced that it will celebrate 1,000 years of consulting in 2005. Citisoft's professional team of consultants has collectively accumulated a landmark figure of 1,000 years of experience within the investment management industry.

Citisoft has grown from just two consultants on inception in 1986 to over 60 today across London, Boston and New York, each with an average of 17 years in the investment management industry. With experience gained servicing the world's leading investment managers and systems suppliers, Citisoft provides business and systems consulting to investment management firms, private wealth managers and hedge funds across a wide range of strategic and tactical areas. These include strategic planning, outsourcing, reference data solutions, performance attribution and risk measurement, systems selection, straight-through processing, compliance, distribution, and client reporting. Citisoft's client base comprises 75% of the top 50 global asset managers.

Jonathan Clark, Founder and Executive Director, Citisoft in London, comments, "We pride ourselves on the breadth and depth of our experience. 2005 will be a year where we celebrate 1,000 years of consulting to the investment management industry and a number of events are in the pipeline to mark the occasion. With significant pressures on investment managers this year, we expect Citisoft's 1,000 years of experience to be instrumental in helping clients to address a range of issues."

"With an average of 17 years of industry experience per consultant and a millennium of knowledge from which to draw, the immediate and long-term effectiveness and productivity of our consultants is second to none," adds Dan Houlihan, Managing Director of Citisoft in Boston. "Achieving the 1,000 years of experience milestone is evidence of our long-term commitment to serving the global investment management community."

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