Citisoft Opens Office in Dubai

8 September 2008

Citisoft Plc, the specialist investment management consulting firm and subsidiary of Satyam Computer Services Ltd. (NYSE: SAY), today announced that it has opened an office in Dubai and appointed a Head of Business Development for the Middle East and North Africa (MENA) region. With its 22 year history of providing premium consultancy services to wealth managers, institutional asset managers and alternative investment firms, Citisoft believes that it is uniquely positioned to offer its deep domain experience to the region.

Despite the economic turmoil in other parts of the world, the MENA region is continuing its rapid growth especially in the financial services industry. Citisoft believes that, as the world's fastest growing financial centre, Dubai is the ideal base from which to offer its investment management consulting services to firms in the MENA region. Where required, Citisoft's MENA office will be supported by its London, US and Tokyo offices.

Ehab El Sawy joins Citisoft from the Private Banking division of Samba Financial Group in Dubai. Ehab has an excellent understanding of the MENA market having previously worked in Dubai at the wealth management divisions of Fullerton Financial Holdings and Citibank.

Ehab El Sawy Hassaan, SVP MENA Business Development, Citisoft commented:
"I am excited to join Citisoft, and look forward to the rapid and significant expansion to our business in the MENA region. Citisoft has a very well-established and respected brand, and this, combined with its pragmatic approach to projects and the ability to offer hybrid resource models via our parent company Satyam, gives us a unique client proposition."

Howard Mannion, CEO, Citisoft EMEA commented: "This new appointment and the opening of our new office reflects Citisoft's on-going commitment to providing the highest level of specialised consultancy services in the MENA region."

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