Westwater announces addition of James T. Leman as the Head of Capital Markets practice

17 January 2007

Westwater announces James T. Leman has joined as Managing Director and Principal effective January 2, 2007. Jim assumes the role of head of Westwater Corp’s Capital Markets Practice. Most recently, Jim was in charge of HSBC Securities’ Program Trading, Algorithmic Trading, DMA and Connectivity initiatives. Previously, Jim was President of SunGard BRASS and was Managing Director of Electronic Trading and Connectivity at Citigroup.

“We are extremely pleased to have Jim join our growing firm at this time” said Rajesh Saggi, President of Westwater, “Jim’s breadth of knowledge and extensive experience will be a critical component of our company’s expansion and success in 2007 and beyond.” Mr. Saggi also commented “we have experienced significant growth since Ravi Manchi joining us as the Head of Business Strategy and Global Delivery in 2005 and we believe that with this new leadership team, Westwater’s clients will benefit a great deal”.

“The capital markets are facing an unprecedented combination of market structures and competitive pressures in 2007 and beyond.” commented Ravi Manchi, a Principal at Westwater, “Jim’s vision and hands-on involvement in electronic trading, middle office, operations, product management and technology innovations will enable Westwater to greatly enhance our relevance to clients and to partner with them to solve the challenges they face in the years ahead.”

“Joining Westwater gives me the opportunity to apply my experience on Wall Street with large brokers, vendors and exchanges in a very meaningful way with clients.” said Leman, “At a time when technology is driving so much change, my experience will be very relevant to both buy-side and sell-side firms seeking solutions to cope with the challenges the markets and their clients present to them.”

Over the past couple of years, Westwater has emerged as a premier advisory, management and technology consulting firm, specializing within the financial services industry and with clients in the US, Europe and Asia.

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