Asset Control Expands Senior Management Team With Two Key Hires

    - Appoints Chief Financial Officer and Vice President of Services

    NEW YORK, June 14 /CNW/ - Asset Control, the industry standard for data
management in financial services, today announced two new executive
appointments to its senior management team. Peter Bennfors joins the company
from Misys as Chief Financial Officer and Rich Katsoff joins from IBM in a
newly created role as Head of Services.
    The appointments, which follow a majority investment by Fidelity Ventures
in April 2007, mark the first step towards expanding the company's senior
management team in order to scale the business and drive accelerated growth.
As CFO, Mr. Bennfors will play a crucial role to help implement Asset
Control's strategy and its expansion across a range of clients and
geographies. The Head of Services position is a far-ranging role, created with
greater streamlining of global processes and operations in mind.
    In this position, Mr. Katsoff will have direct responsibility for the
pre-sales and account management functions, as well as Asset Control's 
professional services organization and Solution Center. He will also oversee
the company's approach to relationships with alliance partners.
    Phil Lynch, Asset Control President and CEO, said, "We are delighted that
two executives of this caliber will be joining the company, as we focus on
building a global leadership team with the experience and capability to
support the next stage of Asset Control's growth and success.
    Going forward we need to maintain the distinctive entrepreneurial energy
that has made this company so successful while ensuring the transition to a
functionally-aligned and integrated, global organization with breadth and
depth of senior management. These appointments signal the start of an exciting
new phase at Asset Control, as we focus on expanding the scope and scale of
our business, building on a strong existing core and an impressive client
    Peter Bennfors was most recently Operations Director with the treasury
and capital markets group at Misys and before that was chief financial officer
of the same group. Prior to joining Misys, Mr. Bennfors was CFO of Summit
Systems Group. Mr. Bennfors is a qualified chartered accountant, having
started his career at Price Waterhouse in the UK.
    Rich Katsoff joins Asset Control from IBM, where he was associate partner
within the business consulting/financial markets group. Prior to this he was
managing director of IBM's securities and investments practice. Before joining
IBM Mr. Katsoff was vice president, director of global consulting and
pre-sales at FAME Information Services in New York.

    About Asset Control

    Asset Control transforms data management from an operational burden into
a powerful tool for competitive advantage for firms of all types and sizes.
Our industry standard platform reduces costs and risk, manages evolving
compliance needs and speeds the delivery of new products to market. A Fidelity
Ventures company, Asset Control seamlessly integrates with internal and third
party systems and applications to create a strategic business platform for
future growth.
    Some of the industry's most successful firms depend on Asset Control.
These include: Abbey National, ABN AMRO, Allied Irish Banks PLC, Barclays
Capital, Barclays Global Investors, Bayerische Landesbank, BBVA, Commerzbank,
Convexity Capital Management, E(*)TRADE Securities, LLC, IBM (Dresdner Bank),
Grupo Santander, Harvard Management Company, HSH Nordbank, HypoVereinsbank,
ING, LCH.Clearnet, Robeco Groep, Societe Generale, Standard Bank, Standard
Chartered, Union Investment and Wachovia Corporation.

For further information:

For further information: Joseph Cubias, Phone: (646) 435-1911, Mobile:
(201) 790-2108, Email:

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