As part of this alignment, IFDS has appointed Bruce Pinn as Head of Application Development of IFDS' Canadian operations responsible for core development, client development and project management. IFDS has also appointed Joe DeSario as Chief Administrative Officer accountable for finance, legal and compliance for the Canadian affiliate. Joe DeSario reports to Debralee G. Goldberg, President and Chief Executive Officer, and Bruce Pinn reports to Michael V. Gentry, Chief Information Officer.

Prior to joining IFDS, Bruce Pinn held the position of Senior Vice-President of Development at Symcor Inc. His previous experience also includes serving as Vice-President, Application Development at Optus e-Business Solutions and Senior Vice-President, Application Development at Corelan Communications Inc. In his role at Corelan, Bruce led the development of the FundSERV Mutual Fund trading system, as well as the design and management of several large websites, including Thomas Cook's FX business online.

Joe DeSario comes to IFDS with 15 years experience in finance and operations and 10 years experience in financial services. Prior to IFDS, Joe held the position of Managing Director and Senior Company Officer at Reuters Canada, a leading information and content provider to the financial services industry. His previous experience also includes serving as Chief Financial Officer at Reuters Canada as well as holding management positions at Packard Bell NEC and Price Waterhouse.

IFDS provides market-leading service and technology solutions for fund companies, distributors, advisors and investors in Canada as well as Ireland, Luxembourg and the UK, and via Boston Financial Data Services to the U.S. market.

Debralee Goldberg, President & Chief Executive Officer, commented:
"Joe DeSario has a vast array of experience in finance, legal and compliance. More than ever, as people look to save costs and consider outsourcing, IFDS continually seeks ways to run tighter and moree efficiently so that we can provide our clients with cost-effective solutions. Joe is well-equipped to assist us in this journey."

Michael V. Gentry, Chief Information Officer, commented:
"I am very excited that Bruce has joined IFDS. He brings extensive industry knowledge from his previous involvement with FundSERV and Symcor along with strong skills of managing large application development and support teams. I am confident that his experience and technical expertise will help us achieve even better system throughput and customer satisfaction."