Citadel appoints Peter Little as CEO

London and Boston– 24 September 2007

Citadel, the provider of Enterprise Data Management (EDM) systems for the buy side, today announced the appointment of Peter Little as CEO to lead the next phase of the company’s strategic growth plans. Based in the London head quarters, his initial focus is on strengthening Citadel’s position across Europe and the US as the only EDM provider to focus purely on the needs of the buy-side.

Peter comments: “The data management space has experienced significant growth over the past two years with firms recognising EDM as vital to the efficient running of their businesses. With an established EDM platform and a clear vision, this is an exciting time to join Citadel. My aim is to build on its strong foundation and address firms’ data requirements as they trade ever more complex instruments in an unforgiving regulatory environment.”

Peter has over 20 years’ experience in the financial technology industry. He was co-founder and managing director of Braid Systems, a provider of EAI and secure messaging technology, which was subsequently acquired by NASDAQ-listed Mercator in 1999. He has since been an active investor and board member of various financial services organisations, contributing to the capital growth of companies such as Singularity, a provider of business process management solutions, City Networks, the UK treasury, securities and derivatives software vendor, Whittaker & Garnier, a provider of CRM software to the hedge fund industry, and Investmaster, a software provider to the wealth management industry.

Citadel’s technology delivers a highly efficient and fully audited environment for the management, processing, cleansing and enrichment of corporate data. The Cadis platform unites legacy systems and empowers the business user, allowing them to overcome the challenge of disparate data sources. Implementing a new OMS, compliance, performance or risk system places significant stresses on the data infrastructure of an organisation. Through a combination of standardised interfaces and a flexible schema, CADIS enables firms to address these data issues, significantly reducing implementation times and the associated risk. With Citadel’s open architecture, firms can continue to pick the best fit solutions, outsource their IT and confidently enter new markets such as derivatives and hedge funds.

John Dallas, chairman, Citadel, adds: “Peter is a veteran of the financial services industry. As such, he is the ideal candidate to drive our growth strategy, helping to capitalise on our buy side connections and address the needs of hedge fund market, where data demand is the most sophisticated.”

With installations across three continents, Citadel technology is used by some of the world’s largest buy side institutions supporting some £3 trillion in assets.

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