Press Releases

Asset Control Expands Senior Management Team with Two Key Hires

Appoints Chief Financial Officer and Vice President of Services

New York, June 14, 2007

 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 base.”

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 Kanbay’s securities and investments practice. Before joining Kanbay 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, Société Générale, Standard Bank, Standard Chartered, Union Investment and Wachovia Corporation.