Calypso Appoints David Little to Head Securities Finance Division

London - 24 January 2011

Mr. Little, formerly of Rule Financial, brings 20 years of IT development experience to Calypso

Calypso Technology Inc, a global application software provider of an integrated trading application suite to the capital markets industry, today announced that David Little has joined the company as Director of Strategy and Business Development. David will primarily be responsible for identifying new opportunities for development and growth in Securities Finance and Collateral Management for Calypso Technology.

Post credit crisis, there has been a focus on achieving more efficient use and better management of collateral, and greater coordination of securities lending activities with other financial transactions. Today, the market demands an integrated cross asset solution that manages cash and securities positions while also handling trading, risk and operations. Calypso has unique advantages in addressing this market due to its broad asset coverage, full front to back processing with advanced workflow and comprehensive risk management. David Little will drive innovation for Calypso’s securities finance solution, working closely with the company’s product managers and sales organization.

David Little brings over 20 years experience and expertise in IT development to Calypso Technology. He was previously a Partner at Rule Financial, a leading consultancy headquartered in London, where he founded, led and expanded the Securities Finance business unit. Before moving into financial technology in 1997, Mr. Little worked at ICL, where his projects included developing and implementing a secure Office Automation product for the Ministry of Defense in the UK. He began his career as a geophysicist working in oil exploration, where he gained experience in software engineering, as well as data acquisition and data processing techniques. Mr. Little is a graduate of the University of Exeter, from which he holds a BSc (Hons.) in Engineering Science.

David Little remarked, “I am very excited to bring my securities finance expertise to Calypso. With their first-class technology offering, Calypso is already one of the most well-known and trusted names in the industry, primed for continued growth. I am excited to come on board to work with the smart, dedicated and visionary people on the Calypso team.”

Kishore Bopardikar, President of Calypso said, “With his decades of experience and excellent reputation in the Securities Finance space, David is a tremendous asset for Calypso. We are truly delighted to have him join our organization.” Mr. Bopardikar continued, “Calypso is intensely committed to Securities Finance and bringing David on board will give us the competitive edge and business savvy to rapidly expand in that area.”

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