FINEOS appoints key business development staff to further strengthen UK operation

July 3, 2001 - London - FINEOS, one of Europe's leading global providers of enterprise solutions for banking and insurance, has further expanded its UK operation with a number of key appointments in the area of business development.

The appointments come as part of the company's development strategy to rapidly expand its number of local offices in the UK and to bolster its team of professional insurance and banking consultants.

Tony Fajimolu joins FINEOS from Sunguard Systems where he was European Business Development Manager, Allen Butcher joins from KPMG, where he worked as a Business Development Manager in their Financial Services sector, and David Waring has joined from Sigma Management Systems, where he was Chief Executive Officer and Head of Sales.

"These appointments are crucial for us as we look to consolidate and build on our success to date in the UK financial services market", said Tony O'Halloran, Managing Director of FINEOS UK. "I am confident that their experience of selling software to some of the major financial institutions across Europe as well as the relationships they have built up in the sector, will enable FINEOS UK to succeed in fulfilling its plans for rapid growth and expansion."