Last checked at 10 Aug 2010 07:00
10 August 2010
Embargoed until 07:00
First Derivatives plc
("First Derivatives" or "the Company")
Appointment of Non-Executive Director
First Derivatives plc (AIM: FDP.L, ESM: GYQ.I), a leading provider of software and consulting services to global investment banks and hedge funds is pleased to announce the appointment of Patrick Brazel as Non-Executive Director to the Board of First Derivatives.
Patrick is Non-Executive Director of Brady plc, the AIM quoted global provider of trading and risk management software to the global commodity market. Patrick is also currently Chairman of GoldTier Technologies. Prior to joining GoldTier he was CEO of Eontec, the market leader in multi-channel retail banking solutions prior to its acquisition by Siebel Systems in 2004. He was a founder and chairman of Sentry Financial Systems, the pre-eminent provider of collateral management software, prior to its acquisition in 2002 by Algorithmics Inc. As president of SunGard Capital Markets, Patrick led the company to become the dominant player in the derivatives trading and risk management systems market. He holds a Masters in Management Science from Trinity College, Dublin and is a trustee of the Dublin City University Educational Trust.
Brian Conlon, CEO of First Derivatives commented, "I am delighted to welcome Pat to the Board. His 25 years experience in the international software market will be of great benefit as we continue to develop First Derivatives as a global provider of software and consulting services."
Details of directorships that Patrick Gerald Brazel, aged 52, holds or has held in the previous five years are given below:
Current directorships:
GoldTier Technologies LLC
Digital Minds Ltd
Polar Lake Ltd
Brady Plc
Newcode Ltd
Armac Systems Ltd
Past directorships:
SunGard Systems Ltd
Kiten Holdings Limited
Eontec Ltd
Save for the declarations above there is no further information to be disclosed in respect of the appointment of Pat Brazel under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies or Rule 17 or Schedule Two paragraph (g) of the ESM Rules for Companies.
Enquiries:
| First Derivatives plc | Tel. +44(0)28 3025 2242 |
| Brian Conlon, Managing Director | Web. www.firstderivatives.com |
| Graham Ferguson, Finance Director |
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| Charles Stanley Securities | Tel. +44 (0)20 7149 6000 |
| Nominated Adviser |
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| Russell Cook |
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| Carl Holmes |
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| Goodbody Stockbrokers | Tel. +353 1 667 0420 |
| ESM Adviser |
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| Diane Hodgson |
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| Linda Hickey |
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| Finbarr Griffin |
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| Threadneedle Communications | Tel. +44 (0)20 7653 9850 |
| Financial PR |
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| Tom Moriarty |
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| Caroline Evans-Jones |
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| Fiona Conroy |
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| Stakeholder Communications PR - Ireland Carl Whyte John Hart | Tel. + 44 (0) 2890 339949 |
About First Derivatives
First Derivatives is a global provider of software and consulting services to the financial services industry. With almost 15 years experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets.
First Derivatives currently employs over 450 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.