Graham Technology Appoints Financial Expert to Increase Industry Knowledge

Wednesday 23rd March 2005

Graham Technology, one of the largest privately-owned software companies in the UK, today announces the appointment of Frank Kirwan as non-executive director.

Frank has a 20-year track record in the financial services industry.

He will be advising the Scottish firm about the latest developments and issues in retail financial services. This will further enhance Graham Technology’s understanding of the business challenges within the sector and how its GT-X solution can be effectively deployed.

Mairi McLellan, Managing Director of Graham Technology, commented: "Frank has a wealth of experience in this field and we are delighted to have him on board. A deeper understanding of the consumer, market and regulatory demands facing the financial services industry makes us better placed to identify how our process platform can directly help businesses. In addition to his obvious knowledge and experience, Frank is also an excellent culture fit within GT and has created a good relationship with the team."

Frank was Royal Bank of Scotland Group’s Director of Strategy and subsequently Director of UK Retail Banking for the Royal Bank itself. He is the Royal Bank of Scotland visiting Professor of Strategy at the University of Edinburgh, where he teaches on the MBA programme.

He has worked on a number of VC-backed home and auto insurance start-ups in the UK and US. He is non-executive director or advisor to several companies in the financial sector, including a long tail liability insurer, a bank and two software companies.

Frank’s most recent major assignment was as Programme Director for the demutualisation review of the Standard Life Assurance Company.

He is Treasurer of Oxfam GB and a former member of the Accounts Commission for Scotland – the ‘watchdog’ on the economy, looking into the efficiency and effectiveness of local government spending.

Commenting on his appointment, Frank said: "I first became aware of Graham Technology whilst at Standard Life Bank. The benefits Graham’s GT-X product has delivered for SLB are impressive. This is a great opportunity to join such a well respected business."

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