Summit expands into the Irish market

London - 10 November 2010

Summit Global Investor Services (Summit) announces the start of operations in Ireland

Summit delivers innovative software and related services to the institutional investment community – combining independent monitoring and reporting with comprehensive analytics, accounting, compliance and strategy services.

Now more than ever, Irish pension schemes and other institutional clients, as with their international counterparts, require total control over their investments, through full transparency, continuous monitoring and immediate access to important investment information. These investors can now leverage Summit’s innovative technology and unique services to achieve these goals. With Summit’s online management tools, investors are empowered to perform their regular duties more efficiently whilst concurrently improving governance over their investments.

Operations in Ireland will be lead by James Meenan of JNM Research. James has more than 25 years’ experience in the financial markets. Prior to working with Summit, James was a Vice-President at Merrill Lynch International Bank in London and Dublin.

James Meenan, Regional Director, Ireland comments, “Trustee empowerment is about delivering the right information, at the right level of detail, at the right time. Presented in a user-friendly way, the online system and tailored client reports will help trustees to improve their knowledge and understanding of investment activity, which in turn leads to better decision making and greater governance over the investments.”

Andrew Caird, Managing Director at Summit Global, “We are delighted to announce James’s appointment. He brings a wealth of experience and industry knowledge to our growing team. In particular, his expertise in supporting trustees, combined with the superior information available from Summit’s systems, will help our Irish clients to deal with difficult market conditions and imminent regulatory changes.”

Meenan continues, “In general, Irish institutional investors have similar needs to those UK and international investors with whom Summit works. However, due to the emphasis on deficit reduction, as well as the increasing regulatory pressure on trustees, Irish pension schemes have a particular need for supporting technology that facilitates transparency and demonstrates active governance.”

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