XRT APPOINTS BRUNO JOSEPH AS CHIEF EXECUTIVE OFFICER

…Joseph to steer organisation as it focuses on consolidating success in key market sectors….

Leading treasury solutions supplier XRT announces today the appointment of Bruno Joseph as Chief Executive Officer (CEO). Joseph’s appointment reflects XRT’s focus on the continued development of its award-winning portfolio of solutions to help enterprises manage their financial value chain. He succeeds Alain Fraiberger who after 4 years in the role, will continue to help guide the organisation’s strategy as member of XRT’s Advisory Board.

Joseph joined XRT in early 2004, bringing with him over 20 years treasury and software industry experience. In his role as CEO, he will be responsible for executing and managing XRT’s global strategy and operations, developing its business in key sectors including the global corporate marketplace

Joseph commented, "We are at a very exciting point in XRT’s development. The company is going from strength to strength, with important new product evolutions and an increasing market share in a number of markets. Recent major new contracts such as American Express, Deutsche Post, Novelis, Thomas Cook and Teekay Shipping Corp. are a testament to our success."

"I look forward to continuing to work closely with Alain Fraiberger, building on XRT’s commitment to creating customer-centric financial value chain solutions that deliver across the treasury spectrum – from collection to payment. Key will be guiding the company as it focuses on building market share by delivering a range of integrated solutions that meet the complex needs of today’s global, centralised treasuries."

Prior to XRT Joseph worked for Reuters, which he joined in 2001 as executive vice president of Treasury Services, with responsibility for creating and developing Reuters’ Corporate Treasury Business. In 2003 he added EMEA Trade and Risk Management Sales to his portfolio of responsibilities. Before joining Reuters, Joseph worked for Diagram Software for 11 years and during this time, helped to implement some of the first corporate dealing rooms in Europe.

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