PIC Solutions Continues to Expand Board of Directors

19 August 2008

PIC Solutions, the leading specialist credit risk solutions company in the EMEA region, has expanded their Board of Directors to include Simon Trupp.

With more than 15 years of credit risk management experience, spanning originations and account management, predictive modelling, profitability analysis and strategy development, Simon’s extensive experience will provide industry depth to the Board of Directors.

Simon is currently responsible for the Consulting, Analytics and Predictive Modelling teams based at the Cape Town head office. Over the past 8 years at PIC Solutions, Simon has worked on leading-edge analytical and business consulting projects for the major credit issuers in South Africa and the Middle East. This has included numerous TRIADâ„¢ implementations, the implementation and use of profit/value driven models, the development of provisioning models and multiple new product developments.

Previously, at Fair Isaac International, he was responsible for developing effective and profitable account management strategies and the implementation of multiple statistical portfolio models. He was also responsible for the development of application, behaviour, attrition and customer scoring projects for a wide-range of European, Middle East and South African clients. At HSBC Asset Finance, Simon held the position of portfolio analyst, developing internal scoring systems, portfolio analysis tools and multiple scorecards for consumers and small businesses.

Simon holds a B.Eng (Honours) from Sheffield University. He is a member of the UK and SA Institutes of Credit Management, the South African Statistical Association and the Operations Research Society of South Africa.

Simon Trupp, Director at PIC Solutions, states, “I am honoured by this promotion to the Board of Directors, especially at such an exciting time. From October we shall be celebrating our tenth year of service and as one of the earliest employees I have seen a lot of changes and evolution. At PIC Solutions we realise that we need to continually innovate and develop new products and services in order to deliver ongoing benefits to our client base. I look forward to working with this team to further enhance our worldwide presence whilst continuing to improve our value-added solutions and services to all of our clients.”

Stephen J. Leonard, Chief Executive Officer, at PIC Solutions, adds, “Simon’s invaluable industry experience, wealth of knowledge and strong leadership skills makes him an asset to the Board of Directors. As we continue to grow from strength to strength, Simon’s strong track record of new product development combined with his extensive experience in credit risk management best practice consulting and analytics will be invaluable to us and will contribute greatly to our continued success.”

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