He will be formally welcomed at the first ISITC Quarterly meeting on 26th February 2004 at the London Underwriting Centre.

Doug Boit is well known throughout the Securities Industry. Doug was the principal architect of the award winning Straight Through Processing solution, Salerio e2e and has been responsible for the implementation of STP strategies with a number of major global asset managers. He is also a member of the adjunct faculty of the International University of Monaco where he teaches business analysis and system design. His current research activities involve identifying emerging technologies and assessing their applicability to the investment management industry.

Doug has been involved with ISITC for a number of years during which time he has established firm relationships with its global working committee of securities operations professionals representing custodian banks, investment managers, brokers and vendors.

Doug Boit said: "Being voted onto the ISITC Europe Executive Committee by some of the industry's leading players is a real privilege. I look forward to working closely with the various working committees to achieve the goals set out by ISITC."

Stuart McKinlay added: "Clearly having Doug on board will provide yet more strength to the ISITC Europe Committee. Doug brings with him a vast amount of experience that can only benefit the support service ISITC offers to the Securities Industry."