Milestone Group expands into North America

New York - 2 August 2007.

Milestone Group, provider of the pControl funds processing platform, today announced the appointment of David Wadsworth as Director – Product Services, North America. David’s initial role within Milestone Group will see him take on responsibility for product direction in relation to North American markets.

David’s appointment coincides with the opening of Milestone Group’s initial North American offices in New York and Boston. Milestone Group has experienced success in the Australian, New Zealand, UK and European markets with the flagship funds processing platform, pControl. David’s appointment and Milestone Group’s entry to North America represent the next steps in providing pControl as the platform of choice for global fund processing and custody operations.

David joins Milestone Group from DST International in Boston, where he was responsible for Investment Accounting and Asset Servicing Solutions. David has previous industry experience as Senior Manager of Investment Technology and Business Systems Support for Dresdner RCM Global Investors, based in London. David has also worked as a Senior Consultant and with Suncorp Insurance.

Geoff Hodge, Chief Executive of Milestone Group said, “David’s appointment underscores Milestone Group’s commitment to deliver operational capability to global clients in major centres. David’s international experience and domain knowledge support Milestone Group’s pragmatic approach to effective delivery of leading edge solutions.”

Milestone Group is a market leader in automating highly specialised functions in funds management including unit pricing and validation, interfunding and unitised order management, unitised custody, reconciliations, process control, analytics and data management.

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