GlobeOp Ranked in Fintech 100 and Risktech 100

19 November 2008

GlobeOp Financial Services ("GlobeOp®"; LSE: GO.) today announced that it has been ranked in both the FinTech 100 and the RiskTech 100. Both annual rankings are independently determined following a review of international service providers.

"Technology is central to GlobeOp's hedge fund services and this dual recognition is timely as current market uncertainty underlines the value of a robust, risk-driven technology infrastructure to fund managers and their investors," said Bob Schwartz, GlobeOp chief technology officer. "After people, technology is GlobeOp's largest investment - our platform represents more than 500 man-years of development. Just as client services benefit from the Wall Street experience of GlobeOp's senior management, we also apply front office technology techniques to operations processing to achieve risk reduction benefits for our clients. The key is our expertise in integrating best-of-breed vendor applications with our own substantial inventory of propriety applications."

Addressing current market challenges for hedge funds, Vernon Barback, GlobeOp chief operating officer added, "New market fundamentals - such as risk diversification and cost-efficiency - are accelerating the outsourcing trend as a means of mitigating operational risk. The FinTech 100 and RiskTech 100 rankings are useful benchmarks as funds seek independent, un-conflicted service providers, which can combine technology management and innovation, deep domain knowledge in operations and risk measurement, scalable infrastructure and a healthy balance sheet."

The FinTech 100, published by American Banker and research firm Financial Insights, ranked GlobeOp in 51st position after analyzing more than 400 companies who derive more than a third of revenues from financial services.

The RiskTech 100, published by Chartis Research, recognizes leading global technology firms active in risk management services. Ranking 52nd, GlobeOp earned one of the highest scores for innovation in the RiskTech 100, and strong scores for core technology, customer satisfaction and organizational strength. The 2008 report identified 100 leading companies from 3,200 initial candidates, more than 800 risk technology buyer surveys, and interviews with vendors and buyers across 15 countries.

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