FinArch Expands Business Development Team

Three Industry Experts Join FinArch's Team

Ghent, 5 October 2005 - Financial Architects nv (FinArch), leading international provider of finance resource planning (FRP) platform for the finance industry, today announced that three industry experts are to join the company to strengthen the Business Development team.

Alan Goodrich is appointed to the function of Vice President Global Sales. In this position he will assume responsibility for the worldwide sales and marketing activities. He will report to Dirk De Beule, Chief Executive Officer. Alan Goodrich was formerly employed by Fernbach-Software as Director International Sales. Before that he held senior management posts at Temenos, Midas-Kapiti International and ERI Bancaire Luxembourg. Alan brings to FinArch a rare combination of business development skills, financial services subject matter knowledge and experience, particularly in new accounting standards (IFRS), regulatory reporting (Basel II), private banking and asset management, and information technology expertise. Alan is a Fellow of the Institution of Analysts and Programmers and for a number of years a Securities & Futures Association General Registered Representative authorised to give investment advice.

To head Business Development Northern Europe and Global Alliances, Nigel Lee joins FinArch from TietoEnator where he was Global Sales Director. In his new function he will report to Alan Goodrich. Together with growing direct sales, Nigel will also focus on FinArch’s worldwide Partner network. Nigel builds on a broad experience in Business Development in the financial marketplace in similar positions at Provida and The Leeds Permanent Building Society. Nigel’s background enables him to bring unique value as an IT professional with a deep understanding of the banking industry and simultaneously a banking industry specialist with a deep knowledge of IT.

Joining FinArch from Misys/Almonde, Gabriele Härtenstein will be responsible for Business Development Europe, outside of UK and Benelux. Gabriele will also report to Alan Goodrich. Gabriele is an experienced and highly focused sales professional with an extensive track record in selling high value software solutions to finance, telecoms and energy & utilities businesses at companies such as SPL WorldGroup, Lucent Technologies, Compaq Computer.

All three new hires will be based in the UK office. Stepping up to his new role, Alan Goodrich says: "This is a tremendously exciting time to be joining FinArch, who are uniquely placed to deliver to the market a combined platform for financial accounting, risk management and regulatory compliance with Financial Studio – FRP (finance resource planning). Nigel and Gabriele will reinforce further a strong global sales and marketing team."

Dirk De Beule, CEO FinArch comments: "In our ambition to take our company to the next level and to continue our aggressive growth, we have hired these experienced successful business development professionals. I am confident that their arrival will bring added value and a new dimension to FinArch that will enhance our footprint in the financial markets worldwide".

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