FINEOS Appoints Philip Small Advisory Director for Asia-Pacific Expansion

December 9, 2003

Dublin-based FINEOS, a leading provider of banking and insurance software, announced that it has appointed Philip Small as an Advisory Director to assist the company with its market growth within the Asia Pacific region.

“Small has over 20 years experience in insurance and banking software and has a detailed knowledge of the market in Asia Pacific,” said the bulletin. “He has held a number of senior management positions as a technology executive and was most recently President of CSC’s Financial Services Group in Asia Pacific, a position he held until 2001. In the several years prior, Small managed operations for Continuum’s Asia Pacific region.”

He began his business development career in the insurance and banking software industry at Paxus Corporation and was responsible for growing that company into the leading supplier of back office insurance solutions in Europe with over 130 customers in 17 different European countries.

“We are delighted to welcome Philip to our team,” stated Michael Kelly, FINEOS’ CEO. “His widely recognised business accomplishments and his deep knowledge of the financial services software industry make him a valuable asset to FINEOS. Philip also has a strong reputation for creating growth and driving multi-disciplined organisations to success and we believe that he will help the company to expand its presence and further build the FINEOS brand within the Asia Pacific region.”

Commenting on his FINEOS appointment, Small stated: “FINEOS has deployed its solutions in markets around the world, with excellent results for its banking and insurance customers. I believe there is a tremendous opportunity for the company in Asia Pacific as it has unique specialised product solutions that will enable banks and insurance companies to increase customer retention, generate revenue, increase efficiencies and gain competitive advantage.”

Kelly noted that approximately 65 percent of the world’s population reside in the Asia Pacific region, and “FINEOS recognises the enormous growth potential of this marketplace. The banking and insurance sector in the region has undergone considerable change in the last decade through deregulation and consolidation. Consequently there is significant demand for banks and insurance companies to use technology to deliver value and create a competitive advantage.”

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