Financial Objects appoints Marston Manthorpe managing director of operational risk

London - 26 February 2007

Financial Objects, a leading provider of advanced technology solutions for banking, wealth management and energy, today announced the appointment of Marston Manthorpe as managing director for its operational risk business. Manthorpe joins the company with 20 years experience in both finance and technology.

In this newly created role at Financial Objects, Manthorpe will drive the development and sales of radar, Financial Objects' award winning, enterprise-wide operational risk management solution, which is currently deployed by financial institutions in more than 45 countries around the world. Manthorpe also assumes responsibility for leading and growing the company's operational risk team, ultimately establishing Financial Objects as a leading player in governance, risk and compliance technology.

Prior to its acquisition by Financial Objects in 1996, Manthorpe worked for IBIS, the wholesale core banking solutions provider, between 1991 and 1995, where he progressed from pre-sales consultancy into sales and partner management.

"I'm delighted to see some familiar faces, and to join Financial Objects at an exciting point in the company's development," said Manthorpe.

"Ensuring compliance with regulatory requirements continues to present a costly challenge for many organisations. Our risk management solutions help our customers ease this burden and we see significant opportunities with our proven technology to build this area of our business."

Previously, Manthorpe was a director at Antal International, a global search and selection organisation, where he specialised in the financial software community. Before this Manthorpe was a managing director at Fiserv, where he secured several major contract wins and gained valuable experience in successfully bringing new products to market.

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