Brendan P. Farrell, Jr. of XSP Wins CEO of the Year at the 2012 Systems in the City Awards

London - 5 July 2012

XSP, the global leader in automated end-to-end Corporate Actions solutions, announced that its Chief Executive Officer, Brendan P. Farrell, Jr., was named CEO of the Year in Goodacre UK’s Systems in The City Awards 2012. The award ceremony took place on 14 June at The Law Society in London, amongst distinguished peers of the financial community.

“Congratulations to Brendan,” commented Stephen Pinner, Managing Director at Goodacre UK. “His award was based on feedback from the market and the number of votes cast in his favour. He has been described as impressive, professional and very market aware. This is a great Award for a CEO, not least as it is determined by comments from system users.”

As Founder and Chief Executive Officer of XSP, Farrell has grown the XSP® v5 platform to be the industry-leading world-class global Corporate Actions solution it is today. This year XSP launched XSPrisa™, a SaaS product that gives financial institutions instant access to all the power of the XSP v5 software via the cloud, without the need for in-house technology. This new, pay-as-you-go offering automates and simplifies the Corporate Actions process whilst mitigating risk and reducing the implementation timeframe to hours. Farrell continues to push boundaries with his innovative adoption of emerging technology.

Farrell, said, “I am truly honoured to be recognised by Goodacre and the members of the financial community. As XSP further expands our offerings with new and technologically-advanced solutions, I am proud to lead a company of dedicated and driven professionals who are motivated to succeed. It is important to me to continue to sustain and expand a culture that thrives on a focus in delivering best-in-class customer service and the rapid adoption of innovative technology.”

The Systems in the City Awards were launched in 1999 and are designed to reward the leading service and system suppliers to the regulated financial community. The Awards are managed by Goodacre UK, a leading specialist consultancy for the securities industry. A total of 39 firms were nominated for the 2012 Awards.

In addition to the 2012 Systems in the City CEO of the Year award, Farrell’s numerous accolades include being named a Finalist for the Ernst & Young 2011 Entrepreneur Of The Year Award; named Honouree in Irish America Magazine’s 2011 Business 100; chosen as one of five Emerald Entrepreneurs in the Irish Echo’s 2012 Irish Small Business 50; and named the Person of the Year in the 2012 FTF News Technology Innovation Awards.

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