Milestone Group expands North American operations

Boston/Sydney - 8 December 2009

Milestone Group, a global provider of funds processing and investment analytics software today announced the appointment of Terence Faherty to the role of Managing Director - North America.

Terence will join Milestone Group’s global executive management team to provide leadership and added momentum to the company’s North American market growth. Spanning product, business and relationship management, Terence’s role is a key element of Milestone Group’s concerted global response to increased interest in the extended functionality of their pControl business application platform for funds processing.

A graduate of finance and investment, Terence brings 20 years experience in investment markets and investment technology in North America, Europe and Asia. Terence's most recent role was Managing Director, Americas with IGEFI MultiFonds. Prior to IGEFI, Terence spent 13 years with SunGard and held several senior roles including President, SunGard BancWare focusing on global risk and performance management.

Milestone Group Chief Executive, Geoff Hodge said, "We are delighted to have Terence on board given his extensive experience and understanding of the North American market. We are committed to delivering our breakthrough capabilities in efficiency and control to both clients and prospects alike, dealing with the operational challenges faced across funds markets.”

Hodge went on to say “Terence’s appointment is timely given the industry's increased interest in operational efficiency and flexible solutions that can deliver tangible cost and risk reduction, while supporting reduced time to market for revenue initiatives".

Milestone Group is an innovator in funds processing automation working with clients in eight countries across Europe, North America, South Africa and Australasia, achieving radical improvements in efficiency and control.

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