Harry Rana Joins XSP as Senior Business Analyst for EMEA in London

London - 2 August 2010

XSP, the global leader in automated end-to-end Corporate Actions solutions, announced today the appointment of Harry Rana as Senior Business Analyst for EMEA. Rana will be responsible for supporting the expanding EMEA sales programme and client base for the XSP® Corporate Actions software platform in a pre-sales and business analyst capacity.

Based in London, Rana will report to Neil Sheppard, Managing Director and Chief Operating Officer of XSP EMEA.

Before joining XSP, Rana was a Business Analyst at Citi Global Transaction Services responsible for Project Implementation within the areas of Corporate Actions and trade processing. Excelling in implementation project management, Rana was responsible for analysing process and requirements, change management and UAT test script execution. Working closely with clients, operations, technology and product groups, he has constantly delivered comprehensive business requirement documentation whilst working with budget control and roadmap directives. He frequently presents to Senior Management for internal and external clients globally and has developed skills enabling him to influence and build effective relationships. Rana has a proven track record as a seasoned Project Manager and Business Analyst having worked at firms such as Merrill Lynch, State Street, HSBC and FTSE. These roles involved dealing with many aspects of the financial services industry, heavily focussing on Corporate Actions, whilst also covering indices calculation, trade processing, middle office, settlements and risk management.

Sheppard commented, “We are delighted that Harry has joined XSP. Reducing operational risks and costs are constant priorities for our global clients that demand proven and reliable Corporate Actions solutions with a solid track record. Harry’s prior first-hand experience and knowledge of our flagship solution provides invaluable benefits and insights to our current and future clients. Additionally, his vast expertise in the Corporate Actions space, implementation process and industry standards such as SWIFT ISO messaging makes him a strong asset to the Company. We wish Harry much success as we know he will play an essential part in helping us to continue providing world-class support in implementing the XSP v5 platform along with our latest new solution offerings.”

Rana said, “I am thrilled to be part of an organisation that continues to develop high-quality and innovative products that help our global clients maximise operational efficiencies and streamline the Corporate Actions process. Through my previous experience as an XSP client, I was able to quickly build great relationships with the team. It really struck me throughout my dealings with the Company that there is a remarkable work ethic, an agility and ability to provide solutions for the client and therefore, a willingness to put the client first and foremost – principles that I myself strongly endorse. I also firmly believe in the value the XSP v5 software adds to clients with regards to increasing straight-through processing rates and improvements in Risk and Control. With the assets of an incomparable staff, an unparalleled solution and an unrivalled client list, I look forward to contributing to our cutting-edge product whilst helping to further expand our global presence. These are exciting times ahead for XSP and I am glad to be part of it all.”

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