10 January 2007

BT Radianz, a leading global provider of financial services connectivity, today announced the appointments of Régis Castagné as Continental European Sales Director and Hugh Cumberland as Product Development Manager.

BT Radianz has seen tremendous growth in Continental Europe over the past year. As a business unit within BT’s financial services vertical, BT Radianz has strengthened its position in France and Germany, and has seen notable advances into new markets including southern, central and northern Europe. The appointment of Régis Castagné represents the next step in continuing this success in Europe and highlights BT Radianz’s commitment to sustained growth throughout the region.

The appointment of Hugh Cumberland is further evidence of BT Radianz’s focus and expertise in post trade managed financial messaging solutions. The financial services industry continues to focus on gaining efficiencies and lowering operational costs through the re-engineering of legacy back office services and procedures. To meet these client requirements, BT Radianz is enabling secure messaging capabilities based on its experience in successfully operating SettleNET, the secure, resilient message delivery service that links financial institutions with CREST for the settlement of UK, Irish, and international securities.

Laurie Bowen, Vice President, BT Global Financial Services, states: “The addition of Régis Castagné and Hugh Cumberland to the team reflects BT’s continued commitment to growing the world’s largest financial services shared market infrastructure. Both executives are veterans in the financial services industry and will play a key role as we continue to develop additional services and markets that will enable customers to leverage BT Radianz’s shared market infrastructure, improving business processes as well as increasing the value and use of connectivity.”

Mr. Castagné is based in Paris and has worked in the European financial services market for over 16 years in a variety of sales and general management experience at firms including Trema, Standard & Poor’s and GL Trade.

Based in London, Mr. Cumberland has worked in the financial services market for over 25 years with vast experience in the post-trade space having worked at firms including SWIFT, Baring Securities, Calyon and Mercator.

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