FERNBACH appoints Neil Beckley to lead UK and international sales

Luxembourg and London - 29 July 2008

FERNBACH-Software, a leading provider worldwide of standard software for Enterprise-wide Value and Risk Management, has appointed Neil Beckley as Country Manager UK. Mr Beckley will be based in London and will lead FERNBACH’s international sales team in targeting banks in the UK, Ireland, Scandinavia, the US, the Middle East, Africa and some other EU member states.

Neil Beckley has more than 15 years’ experience with triple-A-rated financial institutions (Deutsche Bank and the Bank of England) as well as 9 years’ experience in the sales and management sector. His expert knowledge mainly covers financial control, operations, risk and IT, and the effects of risk and IT on people and processes. His last position was that of Managing Director for Market Processes at Noozz Ltd., the leading emerging market information provider.

Mr Beckley assumes his role immediately, and will work on broadening the client base for the entire FERNBACH FlexFinance® Product Suite, including the solutions IFRS, Basel II, Profitability, Liquidity, Margin Optimiser, Regulatory Reporting and Loan.

FERNBACH’s customer base in the UK and Ireland includes large banks such as HSBC, which uses the FlexFinance® Data Exchange (ETL), and Commerzbank Europe (Ireland), which has gone live with the FERNBACH solution Hedge Manager Ready to GoTM.

“While I will be dedicated at expanding FERNBACH’s customer base across the territories I will manage, I will also ensure existing customers are well supported and satisfied. My own experience has shown me how personal relationships can help guarantee the success of a major risk technology project and I intend to ensure that our clients succeed,” said Neil Beckley.

Günther Fernbach, CEO, said: ”Neil has successfully managed major programme and project contracts involving international teams. He moved from being the youngest financial controller in the history of Deutsche Bank up to being Managing Director. We’re quite certain that we’ve chosen the right man for our international business operations.”

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