CITISOFT APPOINTS STEVE DYSON AS SENIOR VICE PRESIDENT, EUROPEAN BUSINESS DEVELOPMENT

London - 23 October 2006

Citisoft, the specialist investment management consulting firm, today announced the appointment of Steve Dyson as Senior Vice President, European Business Development. In this role, Steve will become a senior relationship manager with Citisoft's strategic clients, particularly those clients involved in Outsourcing, Hedge Funds and Wealth Management.

With over 30 years' experience in the investment management industry, Mr Dyson brings a tremendous amount of expertise and knowledge to Citisoft.
Mr Dyson is well-known to the industry through trusted senior management relationships and a successful track record of helping firms manage change successfully. Mr Dyson joins from The Bank of New York where he was a Client Executive in the UK Banks' team responsible for a number of high profile relationships with a particular emphasis on Wealth Managers and Private Banks. He began his career at Schroders in 1972, spending 14 years in the Trusts and Estates business and 16 years in the Private Client division. When Steve left in 2002, he was Operations Director for London Private Banking. Prior to joining The Bank of New York in 2004, Mr was at State Street where he was Head of Product Development for the European Wealth Manager Services division providing outsourcing solutions to the wealth management industry.

Steve Dyson, comments, "I have known Citisoft for many years and have always been very impressed by the quality of service and calibre of personnel it has provided. The company has a unique approach to consulting, based on strong business ethics and deep domain experience.
"I am delighted to be joining the company as it expands and look forward to contributing to its future success."

Jonathan Clark, Founder and Executive Director, Citisoft, London, comments, "Steve is a key hire for us. His expertise is broad and as such, we anticipate his impact on our European business to be far reaching. As a highly experienced industry participant, Steve will be able to provide strong thought leadership and strategic advice to our existing and prospective European clients."

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