Wendy Gyngell Joins Xcitek as European Account Relationship Manager for XSP™

London, UK. 23 May 2005 – Xcitek, the leading global provider of corporate actions automation, market data solutions and operational staffing services, announced today that Wendy Gyngell has joined the company as European Account Relationship Manager for the company’s flagship software solution, XSP™. Based in London, her role includes providing strategic account management and support to the European market.

Wendy brings a wealth of investment banking, information technology, pre-sales support and post-sale account management experience to this new role. Working closely with the sales and client support teams, Wendy will be responsible for building strategic relationships with the growing XSP European client base to identify and prioritise operational issues and future business requirements. Wendy has previously held account management positions at Pershing Securities, peterevans, Thomson Financial Ltd., ACT Financial Systems Ltd/Misys Group, and Synopsys Ltd.

Brendan P. Farrell, Jr., Managing Partner at Xcitek, commented, "We are pleased to welcome Wendy to our growing team in London. In order to meet the demand for our market-leading XSP solution, it is imperative that we continue to recruit the best talent in the marketplace. Wendy’s excellent relationship management record and in-depth understanding of the whole business process, specifically in the settlement operations area, will be a tremendous asset to our organisation."

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