Citisoft Hires New Managing Director

Boston, MA - 16 June 2009

Citisoft Inc., a leading global buy-side investment management consulting firm, today announced the hiring of Elizabeth Schneider as a Managing Director for the firm's North American practice. Elizabeth joins Citisoft with over 20 years of investment management systems and operations expertise and will report to CEO Paul Migliore. As Managing Director, Ms. Schneider will be responsible for tailoring Citisoft's services and solutions to meet the evolving needs of the industry, provide executive-level delivery, and support business development efforts.

"Elizabeth is a well-known leader and practitioner in the investment management industry, and we are fortunate to have someone of her caliber on board. Our clients consistently look to us to provide innovative solutions to their business problems and to help them prepare for today's and tomorrow's challenges," says Mr. Migliore. "Elizabeth's expertise will bring enormous value and strategic insight to those clients, as well as to our global consulting practice."

Ms. Schneider joins Citisoft from IBM, where she was an Associate Partner of the company's Investment Management consulting practice. In her 20+ years of experience, she has held technology and operations leadership positions with PricewaterhouseCoopers, John Hancock Investment Advisors, Mellon Trust, and Fidelity Investments. Ms.Schneider has a Bachelor of Science degree from McGill University and an M.B.A. from Babson College.

"I'm excited to be joining a growing and vibrant entity like Citisoft. Our clients are positioning themselves for future growth, and I wanted to join a consulting firm that was looking at today's business environment as an opportunity for growth as well," says Ms. Schneider.

"I'm looking forward to applying my experience for the benefit of Citisoft's clients, and can't wait to add my skills to Citisoft's already deep pool of industry expertise."

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