Viteos Expansion Continues in India

Somerset, NJ - 20 February 2007

Response to Expanded Demand, Rapid Growth

In the latest in a series of strategic moves, designed to accommodate its rapid growth in market share, Viteos Capital Markets, a leading global hedge fund operations service provider, today announced the opening of an additional global office in Mumbai. Building on its established Bangalore base, the Mumbai presence, in India’s financial capital, addresses Viteos’ expanding need for coverage, business continuity plans and recruitment efforts as the firm seeks more specialized talent. In conjunction with this announcement, Viteos has also launched a newly designed web site.

Said Shankar Iyer, CEO of Viteos Capital Markets: “With the addition of several top 20 hedge funds as clients and as hedge funds are increasingly trading across multiple time zones, specifically Asia, we are finding increased demand for our 24 x 7 end-to-end fund administration services. This requires a larger presence in India where we are well positioned to leverage the talent pool, particularly the highly qualified financial accounting workforce in Mumbai.”

Leading the team in Mumbai is H. Nagaraj, Head of Operations. Mr. Nagaraj, a Chartered and Cost Accountant, has over 10 years of experience in the manufacturing and finance/financial services industry covering accounts, finance, MIS, loan operations, capital market operations and legal matters. He has worked with Citicorp, Godrej, and Sterlite, and was also with the IL&FS group. During his career, he has managed large-scale capital market operations, custodial business, margin financing and securities lending.

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