Tiger Consultants Continues Expansion with Acquisition of Ruby Business Management

London UK - 2 April 2007

Tiger Consultants Limited, the specialist Investment Management operations and technology group, has today announced the acquisition of the niche operations consultancy, Ruby Business Management Limited. With this move, Tiger Consultants is consolidating a leadership position as a provider of comprehensive consultancy services to the investment management community, with a client base of more than 70 international institutions and more than 60 staff in the UK and Europe.

The addition of Ruby Business Management's expert team and established client base represents an ideal complement to Tiger Consultant's existing business, as

Director David King explains:
"This is an exciting move for both companies, recognising the synergy between both our business philosophies and our client interests. Ruby Business Management's founder Les Mitchell will be an important addition to our Board and our established consultancy team, bringing a wealth of experience and expertise to our recently established Operations Division, and to Tiger as a whole. Ruby's knowledge and skills perfectly complement Tiger's strategic consultancy base, enabling us to deliver a complete end-to-end approach - from the front to the back office, across strategic consultancy, operations and project implementations, underpinned by specialist recruitment."

Commenting for Ruby Business Management, Les Mitchell said:
"This merger will benefit both our clients and our businesses, providing a deeper and richer pool of resource. Tiger has already started to establish itself within the operations sector, combining a number of existing services within the new Operations Division under Chris Muir. With the addition of Ruby's expertise, we believe that we will have a unique dynamic and level of experience. We have worked extensively with many blue chip institutions to research and launch new products, as well as evolving successful operational strategies. These range from major outsourcing programmes and the design of operating models, to identifying strategic alliances and simply helping companies that are suffering from operational overload. I am looking forward to working with Tiger's management to focus on developing the group in the coming years, building on the significant growth already achieved and positioning the company as one of the leading independent asset management consultancies. It is without doubt a very exciting time for all of us."

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