NEW SENIOR APPOINTMENT TO HEAD UP INTERNATIONAL STRATEGY AT MUTUAL FUND TECHNOLOGIES ( MFT)

London, 21st April 2006 - Mutual Fund Technologies (MFT), the specialist transfer agency software, services and consulting company, announced today the appointment of Elaine Drinkwater to take up a senior role within its Client Relationship Team. Elaine will be responsible for the strategic development of all client activities across MFT’s international client base. Elaine will be based in the UK and report to MFT’s Head of Client Relationships, Jane Day.

Elaine has over 25 years experience in Banking and Financial Services, both in the UK and internationally. During this time she has had a number of roles, including managing relationships for major Unit Trusts and Pension Funds, auditing Unit Trusts, Stockbroking and Project Management at key institutions such as Standard Chartered, HSBC, Midland Securities Services and JPMorgan Investor Services. Bob Milotte, Managing Director of MFT, commented:

“I am delighted that Elaine has decided to join MFT. She brings with her a wealth of customer servicing and relationship management experience that will help ensure we continue to deliver value added services to all of our clients.”

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