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Nyfix adds Michael Passarella to board of directors

30 October 2007  |  1491 views  |  0 Source: NYFIX

NYFIX, Inc. (Pink Sheets: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, announced that Michael J. Passarella has joined its Board of Directors.

Mr. Passarella was an audit partner of PriceWaterhouseCoopers LLP from 1975 until his retirement in 2002. He served as the managing partner of that firm's securities industry practice from 1983 to 1998 and was the capital markets industry global audit leader from 1998 to 2001.

Mr. Passarella serves as a director and Chairman of the Audit Committee of Unum Group. He previously served as a director and Chairman of the Audit Committee of Archipelago Holdings Inc., which merged with the New York Stock Exchange in March 2006. Mr. Passarella received his Bachelor of Business Administration degree in accounting from Manhattan College.

"We are thrilled to welcome someone of Mike's caliber to our Board," said Howard Edelstein, CEO of NYFIX Inc. "Mike's long history within the securities industry, his deep domain knowledge, and his well established accounting expertise will be extremely valuable to NYFIX moving forward. We're excited to welcome him aboard."

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