TSI hires Buble as COO

New York, NY - 31 March 2008

Trade Settlement Inc. (TSI), the leading provider of electronic settlement services to the global primary and secondary syndicated loan markets, today announced that William Buble has been hired in the newly created position of Chief Operating Officer. In this new role, Buble will oversee the operations and technology functions for the firm.

Buble, who has extensive experience in front- and back-office support functions, joins TSI at a time of rapid growth. Launched in 2000, TSI has gained significant traction as an increasing number of market participants in the syndicated bank loan market seek to automate and streamline the settlement process.

“We are extremely pleased to have Bill join us,” said Pat Loret de Mola, President and CEO of TSI. “Our business has been growing at a double digit pace and, looking forward, we will benefit greatly from his expertise as the industry seeks to achieve even greater rates of participation in automated trade processing.”

Buble, who will report to Loret de Mola, joins TSI with 21 years of financial industry experience. Most recently, he served as the Business Manager in the Credit Trading division focused primarily on high yield loan trading at JP Morgan Securities. During his career at that firm, he also supported credit derivatives. He worked at either JP Morgan or predecessor firm Chase Securities since 1994. From 1986 through 1994, Buble worked with Bankers Trust Co.’s BT Securities in a variety of support functions. He was involved in clearing and processing for numerous markets including trading in government, corporate and municipal bonds as well as MBS. He holds a BA in Economics from Rutgers University.

“As the syndicated loan market continues to grow, TSI expects to continue to support the industry with services that ease the trading and settlement process,” said Buble. “We are very committed to high-quality customer service and will work closely with market participants to ensure that we offer the type of primary and secondary trade settlement functions that address their needs.”

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