IPBS Expands Latin American Client Base with the Addition of Financial Pacific Inc.

Nassau, Bahamas, New York and London - 10 April 2007

- Panamanian bank enjoys rapid implementation of key wealth management and private banking solutions

International Private Banking Systems (IPBS), the specialist provider of wealth management software for the private banking sector, today announced that Panamanian Asset Manager Financial Pacific Inc. has gone live on the IPBS/Business Manager, IPBS Investment Management, ebanking and etrading solutions in Panama.

The Panamanian market is growing rapidly in terms of economic and financial importance, as the region positions itself as a key gateway to North America and Europe. It is already one of the most modern and successful international banking centers in Latin America.

Financial Pacific aim to provide the highest level of private banking services whilst achieving the highest standards in transparency, professional integrity and ethical values. A key part of this strategy is the selection and implementation of private banking and wealth management solutions from IPBS which ensure Financial Pacific can remain responsive to customer needs. Financial Pacific has already identified the potential to roll out these solutions throughout the Central American region.

“We were aware of IPBS’s growing reputation in the regional market where they have established themselves as a key provider of private banking and wealth management solutions. When we researched the market, we received very positive recommendations that they were a credible and experienced company to work with,” said Ivan Clare, General Manager and Executive Vice President, Financial Pacific, “Once we had made the decision to proceed with IPBS, the speed with which we have gone live is testament to the quality of their solutions and also the team at IPBS.”

“The combination of our local market knowledge and high quality banking solutions mean that we are able to quickly bring benefits to banks, asset and fund managers looking to gain automation of key private banking and wealth management tasks,” said Bruce Raine, Founder and President of IPBS, “With Panama becoming one of the leading countries supporting international measures against money laundering and terrorist financial activities, we are able to support institutions looking for tighter regulatory and compliance controls, with our proven and cost effective solutions that deliver rapid benefits.”

IPBS NEXGEN is a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by top tier financial institutions, international private banks, broker dealers, asset managers, trust companies, mutual fund administrators and other wealth management professionals.

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