MoneyMate has also appointed industry veteran Stephen B. Kraunelis as Senior Vice President, North American Sales. Mr. Kraunelis will be based in Boston.

With 20 years of experience in investment markets, Mr. Kraunelis will spearhead the company's growth plans within North America and head up the Boston office. As SVP of North American Sales, he will be responsible for partnering with key mutual fund clients and solidifying MoneyMate's presence in North America, capitalizing on his strong skills in sales, strategic partnership and relationship management.

Prior to joining MoneyMate, Mr. Kraunelis held key strategic positions in sales and client services within financial services. Most recently, Mr. Kraunelis was SVP of Global Sales at Publishing Data Management where he was responsible for new business development and relationship management in the mutual fund industry. Prior to Publishing Data Management, he was the Senior Account Executive for GCom² Solutions and Senior Sales Manager at FT Interactive Data. Mr. Kraunelis has also held senior strategic roles at Chase Manhattan Bank, Brown Brothers Harriman, and the Mutual Fund Service Company. He began his career at State Street. Mr. Kraunelis graduated from Boston University with a B.A. in Economics.

Mr. Kraunelis said, "I'm excited to join MoneyMate. I truly believe that the company has a unique value proposition in North America and a state-of-the-art solution. I'm looking forward to contributing my experience and insight in the asset management industry to help take our North American business to the next level."

With an office already in New York, MoneyMate is opening a second North American office in Boston, the hub of the asset management industry in the US. By having a local presence in Boston, MoneyMate is even better positioned to service regional clients. The new offices are located on Federal Street, in the heart of Boston's financial district.

"We are delighted to have Stephen on board and to be expanding our presence in North America," commented Paul Fawsitt, CEO of MoneyMate. "We are seeing real changes in the market in North America, particularly with the imposition of regulatory controls around data quality management. As an increasing number of organizations are realizing the importance of data management, we are looking forward to helping our customers get in control of their data and achieve faster time to market with accurate and consistent product information."