TwoFour Continues EMEA Momentum with Regional Sales Appointment

London & New York - 19 May 2010

TwoFour, the product and services provider of FX and treasury cash management solutions, today announced that Andrew Murray has joined the firm as regional sales manager for EMEA. Earlier this year, TwoFour reported growth in headcount, client base and revenue – with an increase in sales of over 70%. The firm is seeing continued demand from financial institutions in EMEA for new legacy-replacement technology and Murray will be responsible for identifying and driving new business sales opportunities, particularly within the UK and Northern Europe.

Murray joins TwoFour with over 13 years experience in the financial technology industry, having held a number of senior management positions, which include roles at SunGard, Wall Street Systems and Deutsche Bank. Most recently, Murray held the position of director of business development at Impendium Systems, where his responsibilities included global account management, new sales generation, strategic partnerships and product development.

Les Gosling, head of EMEA for TwoFour, stated: “EMEA is a key territory for TwoFour and we have witnessed strong demand for the TwoFour System here over the past 12 months. European banks are leading the initiative to replace legacy systems with new, more robust and functionally-rich technology. By bringing Andrew onboard, with his wealth of sales and treasury experience, we expect further traction in the region.”

Commenting on his new role, Murray added: “I am delighted to be joining TwoFour and to be playing a role in the company’s expansion into EMEA. As the FX, treasury and cash management space continues to evolve, there are significant business development opportunities, which I look forward to progressing.”

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