Increasing Global Demand for Financial Risk Management Solutions Drives Growth at QuIC

Vancouver, BC - 30 July 2009

QuIC Financial Technologies Inc., a leading global solutions provider of risk management, pricing and financial analytics solutions, is responding to accelerating worldwide demand for its financial risk management solutions by announcing a global expansion initiative. For the second half of 2009, QuIC is broadening its resources to support ongoing product development, drive global business expansion and better serve clients in key regions.

During the first-half of 2009, QuIC achieved a number of key milestones, including two key clients obtaining Internal Model Method (IMM) approval. QuIC’s recent success was further reinforced with the growing acceptance of its latest component release, QuIC Analyzer, an easy-to-use GUI that revolutionizes how risk management professionals view, analyze and report risk.

QuIC is accelerating its strategy of attracting and retaining the industry’s top talent, to ensure support is in place as demand for QuIC solutions continues to increase. On the heels of recent appointments of Mark Putnam for the Asia Pacific region and James Hollands for EMEA, QuIC is embarking on a focused recruitment strategy to better position the company to service global market demands. Currently, key talent is being pursued for a number of mission-critical positions such as Financial Engineers; Project Managers, Integration Engineers; Programmers; and Sales Executives. Positions are available at QuIC office locations in North America and the UK, with additional postings in EMEA.

“Our aggressive talent recruitment strategy is a reflection of the escalating awareness and demand for our proven market and credit risk management solutions,” stated Nigel Cairns, President and CEO of QuIC. “Through our aggressive talent search, we intend to continue to grow our reputation as a trusted advisor and partner of choice for leading banks around the world.”

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