Citisoft Appoints Ian Mainwaring as Head of Alternative Investments Practice

26 August 2008

Citisoft Plc, the specialist investment management consulting firm, subsidiary of Satyam Computer Services Ltd.
(NYSE: SAY), today announced the appointment of a new practice head to focus on hedge funds and alernative products. Ian Mainwaring will lead Citisoft's Alternative Investments Practice, focused on offerings designed to help asset managers solve operational issues around derivatives and alternative investment products and services to hedge funds. Citisoft's alternatives services include implementation management and strategic and solutions consulting.

Prior to joining Citisoft, Ian Mainwaring was head of Technology for Electronic Trading and Hedge Accounting at Rabobank International. Prior to Rabobank, Ian had roles at Credit Suisse, Credit Lyonnais and Natwest Markets.

In the past 12 months, Citisoft's Alternatives Investment Practice has doubled in size with a substantial increase in client need for services related to alternatives, particularly from institutional asset managers.

At the same time the demand from the hedge fund community, working in a wide array of strategies, has increased.

"As the leader in consulting to the investment management community, our clients expect Citisoft to provide a high-level expertise in those areas which are key to successfully running their businesses," stated Howard Mannion, CEO of Citisoft EMEA. "Ian Mainwaring's knowledge of the operational and system needs related to alternatives will provide crucial insight firms utilizing these instruments and trading strategies, across the Institutional, Wealth Managers and Hedge Fund market that are served by Citisoft."

Mainwaring said: "This alternative instrument and technology focus is an evolution for Citisoft. In an environment of uncertain market conditions, the need for an organization to seek alternative sources of value and to maximize the returns from traditional sources is paramount.

The processes and data necessary to provide these capabilities cuts across traditional vertical silos and underpins the ability to support alternative instruments and technologies. This alignment will enable Citisoft to further enhance its services and provide complete front-to-back operation services for the investment management community."

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