FINCAD Announces Appointment of Council of Advisors

Vancouver - 16 August 2011

FINCAD, a market leader for innovative derivatives solutions in the financial industry, announced today the formation of its Council of Advisors. Council members include Brent Callinicos, Vice-President and Treasurer of Google Inc., Erwin Martens, independent risk advisor and former Executive Vice President, Enterprise Risk and Chair of the Product and Client Governance Committee at TIAA-CREF, and Gord Breese former Vice-President, Channels and Ecosystem at SAP.

The appointment of the Council of Advisors is a key step in FINCAD's ongoing growth strategy, and is designed to provide guidance on corporate strategy, product direction and market positioning.

Brent Callinicos is Vice President and Treasurer of Google Inc. He brings to FINCAD many years of experience managing corporate treasury, risk management and asset management teams. Prior to Google, Brent was at Microsoft for 14 years, most recently as CFO of the platforms and services division after having served as Microsoft's Vice President and Treasurer for four years, where he also founded Microsoft Capital.

Erwin Martens is an independent risk advisor. Prior to establishing his own practice, he was at TIAA-CREF starting in 2003 as an Executive Vice President and Chief Risk Officer. Prior to TIAA-CREF, Mr. Martens held senior executive risk management positions at Putnam Investments, Lehman Brothers and Credit Suisse.

Gord Breese is an accomplished technology executive with more than 20 years leadership experience at SAP, Apple, Oracle, Business Objects and Pivotal Software. His most recent role as Global Vice President, Channels and Ecosystem at SAP included responsibility for OEM, reseller and co-sell revenue for the company's global portfolio of systems integrators, outsourcing and technology partners. He joined SAP through its acquisition of Business Objects, where he held the role of Vice President, Global Alliances and Business Development.

"We're honoured to have such successful professionals in the area of finance and technology as members of our Council of Advisors," said Bob Park, President and CEO, FINCAD. "Their diverse background in banking, asset-management, corporate treasury and the software industry, will help shape the future of FINCAD as the company continues to grow our client base and better serve our customers' needs through continued product development."

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