GoldenSource Strengthens Presence in Europe with Appointment of Industry Veteran Hugh Stewart

New York, NY – 17 September 2007

GoldenSource Corporation, a global software provider of Enterprise Data Management (EDM) solutions for financial and securities institutions worldwide, today announced the appointment of Hugh Stewart as VP of sales, EMEA and Asia. Reporting to Neil Vanlint, SVP client operations, EMEA and Asia, Stewart will be responsible for leveraging GoldenSource’s success in the region to expand the sales pipeline and increase company revenue in Europe and Asia

Most recently, Stewart served as founder and director of Oroboros Ltd., an investment and commercial banking consultancy and advisory company focused on risk management, derivatives and commercial lending. Prior to Oroboros, Stewart was managing director, EMEA of QuIC Financial Technologies, a provider of derivatives pricing and risk analytics software and services. He also served as regional managing director of sales, EMEA, for Algorithmics, a specialized provider of risk management applications for the financial services industry.

Stewart joins GoldenSource with over 30 years of sales and management experience in the global financial services and technology industries. His earlier roles include managing director of Calleo, an international banking, management services and digital consultancy, and senior positions at MKIRisk (now Misys) and SunGuard Capital Markets. Stewart brings proven expertise in risk management, analytics and derivatives systems and demonstrated skill in creating and growing successful sales operations.

Commenting on Stewart’s appointment, Neil Vanlint said: “The marketplace is learning that the benefits of EDM are realised in front, middle and back office processes. Hugh’s established track record, diverse financial industry background and global experience will be invaluable in enabling us to expand our business in the emerging European and Asian markets. Stewart comes to GoldenSource with both sales management expertise and strong industry knowledge, and we look forward to his contributions to our operations.”

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