Curriculum Vitae

BTA Consulting

bta consulting

ourteam

Curriculum Vitae

Page Name Present Position Age Nationality Educational Background Specialist areas of knowledge Key Positions Held &

Previous Employers

4 Brian Taylor Managing Director

50 British 1st Class BA (Hons) in Geography – ACA – Institute of Chartered Accountants of England & Wales

Financial Markets – Strategy, Regulation, Technology, Operations & Accounting

Managing Director, BTA Consulting Chief Executive of the Bahamas International Exchange (BISX) Merrill Lynch, Price Waterhouse, Arthur Andersen

7 Goutam Bose Associate Consultant

48 British BSc (Hons) Engineering ACA – Institute of Chartered Accountants of England & Wales Institute Of Management Consultants - Member - MIMC

Financial Markets – Strategy, Regulation, Technology, , Project Management

BTA Consulting Ernst And Young Price Waterhouse

10 Poul Erik Skaanning-Jørgensen

Strategic Advisor 55 Danish LL.M Financial Markets Regulation, Strategy, Executive Operations of an Exchange

Legal Counsel – Copenhagen Stock Exchange Senior Vice President and Head of EU Affairs OMX Secretary General of the European Capital Markets Institute from 1995-97, President of the NOREX Alliance from 2000-04 and Chairman of the Working Committee of the Federation of European Securities Exchanges (FESE) from 2001-05. Working Committee of the World Federation of Exchanges (WFE).

11 Bob McDowall Associate Consultant

60 British LLB (Hons.) Capital Markets (Intermediaries and Exchanges), Regulation, Trading and Settlement

BTA Consulting, Shareholder and Director -INTER$LINK, SYTEGRA, VP Sales and Marketing -PRUDENTIAL BACHE SECURITIES INC, Director - MERRILL LYNCH, TOUCHE ROSS & CO.

Page Name Present Position Age Nationality Educational Background Specialist areas of knowledge Key Positions Held & Previous Employers

13 Mark Hynes Associate Consultant

58 British BA in Modern Languages Financial news, market information, transparency

Owner - TRANSPARENCY MATTERS LTD, Director – PR Newswire Chairman Investor Relations Society FINANCIAL TIMES GROUP, President - EXTEL FINANCIAL, THE ECONOMIST,BANK OF LONDON & SOUTH AMERICA

15 Jan Erik Audsen Associate Consultant

62 Norwegian Bachelor of Banking Complex exchange trading and surveillance systems. Programme management of complex projects

BTA Consulting / Audsen Consulting Avenir A/S Statistics Sweden PA Consulting Group

18 Anthony Hughes

Associate Consultant

58 British Payment systems BTA Consulting IT Director and Acting Managing Director BACS OASIS

21 Alistair Pearson Associate Consultant

50 British MA (Economics) NCC Certificate in Systems Analysis

Business Consultant Business Consultant BTA Principal Consultant with Logica, PA Consulting Group, Price Waterhouse

25 Rob Spivey Associate Consultant

52 British FCMA

Accounting and Business Consultant

Business Consultant BTA London Stock Exchange

28 Paul Brown Associate Consultant

52 British FCMA MA

Accounting and Business Systems Consultant

Business Consultant BTA Various roles with blue chip firms

32 Dilraj Sidhu Associate Consultant

28 British ACCA BSc (Hons)

Accounting Consultant Accounting and Finance Consultant BTA Qualified Accountant, Lawford & Co

Resumé Brian A Taylor BA (Hons), ACA

PERSONAL:

British Married Man Born 21st June 1959

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 Brian.a.taylor@btaconsulting.co.uk TEL: +44 (0) 1732 887244

PROFILE:

A HIGHLY MOTIVATED ACHIEVER OF PROVEN ABILITY WITH VISION. 22 years extensive experience as a Financial Markets Expert. Respected internationally by major players in every sector (e.g. Governments, Key Exchanges, Depositories, the WFE, FESE, Banks, the Media and the IT Industry) offering:

• An astute and realistic strategist • Strong business acumen and commercial awareness; • Tremendous vision, design/development skills (strategies, solutions,

products); • Knowledge leadership of market structures built on experience in

more than 30 markets and over 80 financial services clients; • The ability to deliver where previous incumbents have failed; • Project / change management including expert contract drafter and

implementor; • Professionalism, integrity and entrepreneurial spirit; • A natural leader and driver of good news.

KEY CLIENTS AND INTERIM MANAGEMENT ROLES:

• Client engagements: SWX-Virt-x, Liffe, UBS Warburg, DrKW, OM, Oslo Bors, Borsa Italiana, Euro MTS, FESE, SIA S.p.A, Bombay SE, OTC Exchange of India, the UK Government, the Ministry of Economy & Commerce Qatar.

• Chief Financial and Technology Officer PLUS Markets Group plc • Interim Head of Finance for the Court Funds Office (Department for

Constitutional Affairs (DCA)) the UK’s largest £ based public sector fund manager;

• Chief Executive Officer – Bahamas International Securities Exchange; • An internationally-recognised Conference Chairman and Media

Presenter.

PROFESSIONAL: INSTITUTE OF CHARTERED ACCOUNTANTS OF ENGLAND & WALES: • Associate Member – ACA • Specialist Membership of the Solicitors’ Accounts Group, the

ICAEW Finance Group • Member of the Society of Industry Leaders

[1984]

QUALIFICATIONS: VICTORIA UNIVERSITY OF MANCHESTER: • BA in Geography – 1st Class Honours

[1977-1980]

PRESENTATIONS: RESEARCHED & DELIVERED NUMEROUS PAPERS / CONFERENCES: See website for details: http://www.btaconsulting.co.uk

SUPPLEMENTARY: • Numerous Professional Training Courses / Seminars have been undertaken.

• Write continuously for various Professional Journals (Financial Services) – latest research to be published – Cross Border European Clearing and Settlement 2005 - 7.

Career History

Brian A Taylor BA (Hons), ACA

BTA CONSULTING: Managing Director

[since 1991]

• Founder of a niche financial markets Consultancy Group. • Strong knowledge of equity and bond instruments. • Global clients from AAA rated institutions to new start-ups (see

attached for client list). • Chief Financial and Technology Officer for PLUS Markets Group plc in

London, a for profit listed exchange where he successfully led a team to deliver an award winning MiFID compliant trading and surveillance solution using an outsourced technology services model, a 1,600 page contract all delivered successfully in 9 months and has delivered 100% up time since launch. The solution is part of the European competition and fragmentation infrastructure;

• Interim Head of Finance for the Department of Constitutional Affairs, resolving complex financial reporting problems and securities processing challenges on £7bn of client monies and £300m of trust assets

• Developed a quality client base of 100 customers, across the globe (See next page).

BAHAMAS INTERNATIONAL SECURITIES EXCHANGE: Chief Executive Officer (as interim management)

[1999 - 2000]

• Launched the first fully demutualised Exchange of the 21st Century. • Successfully raised the necessary $6 million initial funding. • Initiated corporate governance / stakeholder recognition programmes. • Expanded domestic market to international standard in just 10

months. • Implemented a fully automated trading environment (zero downtime). • All deliverables implemented on a reward bonus-driven basis.

• Liaised with an independent management board.

• Managed the complete business from an embryo concept.

• Advisor on the design of an international global marketplace for equities.

PRICE WATERHOUSE – LONDON: Senior Manager

[1988-1991]

• Founder in charge of the Central Markets and Exchanges Consultancy. • Set up the Kleinwort Benson equity derivatives trading and operations

systems. • Set up and managed the Malaysian Central Depository. • Achieved maximum promotion

• Achieved maximum accelerated promotion in all years.

• Managed one of the first CSD’s in the world (Malaysia).

MERRILL LYNCH EUROPE LIMITED: Vice President

[1985-1988]

• Engaged by the leading innovator of cross border convertible bonds. • Responsible for Equity / Convertible Bond Syndication. • Managed new issues operations and risk management. • Project-managed implementation of Bloomberg order management /

trading system ARTHUR ANDERSEN & COMPANY – LONDON: Audit Manager

[1980-1985]

• Trained and qualified as a Chartered Accountant. • Acquired valuable experience in Auditing & Accounting • Achieved maximum promotion

www.btaconsulting.co.uk 1

UK

Allied Irish Bank ABN Amro Hoare Govett BT Syntegra Chi-Tech Europe Computershare CS Rand Department for Constitutional Affairs (Court Funds Office) Dresdner Kleinwort Benson Ernst & Young Finsbury Asset Management First Mercantile Plc Investors Notice Board Jeffries International Kleinwort Benson Securities Lexit Financial Liffe Logica Plc Merrill Lynch Official Solicitor & Public Trustee Perot Systems Percival Software PLUS Markets Group plc S2 International SWIFT TCAM Systems UBS Services Limited Bank of Ireland

Europe

Alpha Bank Greece Broker Systems Greece

Budapest Stock Exchange Cedborsa Spa

CMA Small Systems Compaq Milan

Cyprus Stock Exchange European Efficient Markets Association

Estonia CSD Euroclear

Finannzmarket in Mittel-und Osteuropa Gibraltar Stock Exchange

HP Icelandic Securities Exchange

Interxion BV KDPW Poland

Keler / Fornax Hunggary KSI BV

Lithuania Exchange Malta Stock Exchange

Ministry of Finance Czech Republic Ministry of Finance Slovak Republic

NASDAQ OMX OM

OM Jiway Optiver N.V./ Binckbank N.V.

Oslo Bors Perm Securities Market

Rabobank RMS Czech Republic RMS Slovak Republic

SIA spa SWX Europe/Virt-x

TOM N.V.

Americas and Caribbean

Alberta Market Solutions Bahamas International Securities Exchange BVRD Dominican Republic Cable & Wireless Cayman Compaq Tandem Compaq Mexico E*Trade EFA Software John Hancock Mercato Aviento Electronic Argentina Mexico Stock Exchange Price Waterhouse Argentina Price Waerhouse Washington Price Waterhouse Coopers Bahamas TCAM Stratus Vista Consulting

Middle East & Africa

Abu Dhabi Stock Exchange Al Khaldiya, Kuwait

Batelco BSC Bahrain Stock Exchange

British Council Kenya Capital Markets Authority and the

Government of Kenya Doha Securities Market Ghana Stock Exchange Gulf Business Machines

Organisation of African Unity Qatar Financial Markets Authority

Asia

Bombay Stock Exchange Computershare

OTC Exchange of India Rubber Authority of Singapore

Stock Holding Corporation of India

Tandem Singapore

Resumé Goutam Bose

PERSONAL:

British Single Born 12 May 1958

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 Goutam.bose@btaconsulting.co.uk TEL: +44 (0) 1732 887244

PROFILE:

Goutam is a central markets specialist with over 20 years of consulting experience in over 20 developed and emerging securities markets.

Goutam has a particular strength in the complete planning, design, project management and implementation of complex securities industry projects. He has been the lead advisor for the Jordan SDC, Polish KDPW, Deutsche Borse Kassenverein, Bank for International Settlements, Czech centre for securities, Slovak Centre for Securities, Tanzanian CDS and EASDAQ packages with Euroclear and Clearstream.

• World Class Client Experience - including London Stock Exchange, Deutsche Borse, Paris Bourse, EASDAQ (and their custodians Euroclear and Clearstream), Bank for International Settlements, BT/Syntegra, Stock Exchange Mumbai, Budapest Commodities Exchange, Centre for Securities, Czech Republic.

• Project Management - Extensive experience of planning and managing complex financial system implementation projects

• Business Analysis - Highly experienced business analyst in automated trading, clearing, settlement, depository, registry and end-to-end STP systems in leading exchanges. Detailed knowledge of cash and derivative instruments and the full transaction life cycle

• Strategy Development - Experience of working closely with senior management to develop business objectives, strategies and implementation plans.

• Implementation Experience - Detailed experience of the analysis, design and full scale implementation and testing phases of large systems projects, both package as well as custom built. Used advanced techniques for requirements definition

• Financial Control - Qualified as a chartered accountant with a big 5 UK firm. Experience of developing and monitoring detailed capital and operating budgets. World Class training with Price Waterhouse Coopers and Ernst and Young.

• Organisational Development - Designed and implemented macro and micro organisational structures in client organisations. Acted as Chief Operating Officer for a new Exchange. Responsible for BTA’s training program.

STRENGTHS: • Developing business strategies • Managing large complex projects • Defining business requirements • Establishing trading, clearing and settlement organisations and

systems from start-up to live date.

PROFESSIONAL: INSTITUTE OF CHARTERED ACCOUNTANTS OF ENGLAND & WALES: • Associate Member – ACA

INSTITUTE OF MANAGEMENT CONSULTANTS • Member - MIMC

[1981 - 1984]

QUALIFICATIONS: KINGS COLLEGE, UNIVERSITY OF LONDON: • BSc (Hons) Engineering

[1978-1981]

OTHER SKILLS: • PC Skills

LANGUAGES: • English – Fluent; • French - Conversational;

• Bengali – Spoken; • Czech - Beginner

INTERNATIONAL: Goutam has advised central market institutions in the United Kingdom, Germany, France, Belgium, Holland, Switzerland, India, Nepal, Egypt, The Bahamas, Vietnam, Kuwait, Tanzania, Jordan, Russia, Czech Republic, Slovakia, Bosnia, Serbia, Montenegro, Bulgaria, Romania and Hungary

Career History

Goutam Bose

BTA CONSULTING: Strategic Advisor

[since 1993]

• Romanian Interbank Payment System – Overall Project manager for the turnkey design, development and implementation of; RTGS, ACH, Government Securities Registry software system, adaptation of laws and regulations, hardware and telecommunications infrastructure, disaster recovery site, advanced security, documentation, procedures and go-live.

• Procam™ - Designer of BTA’s leading Operational Risk Management product and methodology, which has been used in a range of CSDs and investment banks.

• Broker Systems, Greece – Leading the design of a market entry strategy and solution gap analysis for Broker Systems to provide technology solutions internationally

• The Bahamas International Securities Exchange (BISX) - Seconded as Chief Operations Officer. Performed a wide range of tasks including a strategic planning and the design of the OTC and CDS rules and procedures.

• BT/Syntegra - Project managed Syntegra’s CREST initiative in the City of London creating a £100mn business.

• Stock Exchange Mumbai - Project managed the design of the world’s first hybrid quote-order driven trading system.

• Mumbai Central Securities Depository - Designed the detailed business requirements for a custom development.

• A major Dutch custodian - Implemented a range of STP solutions for the core clearing, settlement processes creating massive cost savings and reduced rework.

• Budapest Commodity Exchange – Designed the business requirements for the custom development of an advanced commodities and derivatives trading system.

• Deutsche Borse Systems – Project Managed the design of a new clearing and settlement paradigm.

• Kuwait Stock Exchange – Performed a strategic review of the Exchange’s trading needs and prepared a detailed requirements document.

• Czech Centre for Securities – Advised on the design and development of the SCP and provided strategic advice on potential conversion to a central securities depository.

• Czech Ministry of Finance - Advised the Czech Ministry of Finance on the business and systems impacts of the legal and regulatory environment in the Czech market.

ERNST AND YOUNG MANAGEMENT CONSULTANCY – LONDON: Senior Manager, Capital Markets Practice

[1991 - 1993]

• International Capital Markets team – Senior Manager • Taurus clearing and settlement system – Conducted a review on

behalf of the Department of Trade and Industry and the London Stock Exchange.

• Czech Securities Market – The primary Project Manager in charge of a 30 month market development project for all aspects of trading, clearing settlement, registration and regulation, working with all major national institutions.

• Project managed - a number of major financial services implementation projects throughout Europe.

PRICE WATERHOUSE – LONDON: Capital Markets and Financial Systems Consultant

[1981-1990]

• Developed and emerging securities markets - undertook most aspects of strategy, design, planning and implementation of fully functioning systems for international organisations.

• Bank for International Settlements - Implemented a leading edge, integrated dealing room system.

• Large-scale financial information systems - Gained significant experience in the implementation and project management for some of the UK's largest organisations.

Resumé Poul Erik Skaanning-Jørgensen LLM

PERSONAL:

British Married Born 13 May 1949

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

Poul Erik Skaanning-Jørgensen is President of BörsKonsult ApS and a Strategic Advisor with BTA Consulting. He joined the Copenhagen Stock Exchange (CSE - now part of NASDAQ OMX) in 1970 and has a broad and practical experience in all aspects of the exchange business and has seen the migration of the exchange from a mutual to a for profit demutualised listed exchange.Poul Erik left OMX at the end of 2007 and is advising exchanges globally. Poul Erik Skaanning-Jørgensen was Secretary General of the European Capital Markets Institute from 1995-97, President of the NOREX Alliance from 2000-04 and Chairman of the Working Committee of the Federation of European Securities Exchanges (FESE) from 2001-05. He was also a long time member of the Working Committee of the World Federation of Exchanges (WFE).

STRENGTHS: • Strong analytical skills • 30 years practical experience of central markets, covering legal and

regulatory requirements and integration of markets • Good working knowledge of trading and surveillance needs of markets • Effective but stimulating team player • Effective negotiator at Board level� Time and gaol focussed

QUALIFICATIONS:

• LLM

OTHER SKILLS: • Speaker at a range of conferences on Capital Markets and Financial regulatory issues

• Board Member of a number of industry, working and consultative groups, particularly regulatory, over the past 20 years

• Bi-lingual Danish and English

CAREER HISTORY • Copenhagen Stock Exchange - Poul Erik held a range of positions at the CSE:

• Legal Counsel (1975 – 1985) - in charge of Surveillance Department and responsible for stock watch, market supervision, development of electronic trading rules (1986 – 1996); 1997 – 2004: Responsible for general legal issues and legislation and for lobbying Danish authorities; involved in transforming CSE from a semi-public entity to a limited company; Responsible for strategy development and policy formulation; Secretary to the Board of CSE; Responsible for Nordic, European and International stock exchange co-operation

• President and member of the Board, NOREX Alliance (the Scandinavian exchange alliance)

• Chairman of Working Committee of FESE – Federation of European Securities Exchanges

• Part of CSE team to negotiate combination with OM(X) • Contributor to the combination documentation� 2005 – 2007: • Senior Vice President and Head of EU Affairs OMX responsible for

European and International stock exchange co-operation

Resumé Bob McDowall LLB (Hons.)

PERSONAL:

British Married Born 13 May 1949

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 bob.mcdowall@btaconsulting.co.uk TEL: +44 (0) 1732 887244

PROFILE:

With a practical, sensible and realistic approach to business, Robert (“Bob”) McDowall, LL.B., has worked in the financial services industry, principally in City of London, for over 30 years with a number of institutions. His experience covers administrative and operational management, business development, corporate advisory, marketing and control and planning functions across all asset classes, principally from, but not exclusively, from the sell side. His practical, sensible and realistic approach to business complements individuals whose focus is on the outcome. He seeks to ensure that good ideas turn into realities. With sound business experience Bob is able to keep people focused on what needs to be achieved now whilst embracing the long-term objectives.

STRENGTHS: • Strong research and analytical skills • Good knowledge of central markets, central clearing and settlement

systems across all asset classes • Good working knowledge of all asset class instruments, their

structure, clearing and settlement attributes from the sell and buy side

• Current detailed financial regulatory knowledge • Effective but stimulating team player • Effective negotiator at Board level� Time and gaol focussed

QUALIFICATIONS: UNIVERSITY COLLEGE, LONDON:

• LLB (Hons.)

[1970]

OTHER: • Institute of Taxation (Part1)

[1972]

OTHER SKILLS: • Speaker at a range of conferences on Capital Markets and Financial regulatory issues

• Member of a number of industry and consultative groups, particularly regulatory, over the past 20 years

• Numerous articles, papers research documents publications for FX/MM, Reuters/FT/ Financial Regulation International(FRI) & Centre Jouffroy on

• a range of issues covering macro-economics, most asset classes, financial regulation, risk management and application of technology to capital markets

see: www.btaconsulting.co.uk www.it-analysis.com www.it-director.com www.centre-jouffroy.com

• Board member of Le Centre Jouffroy (a private French Monetary Think-Tank)

• Advisory board member of PrediCap a start-up US hedge fund focussed on the FX and commodities(metals and energies) asset classes

• Shareholder in an IT research, analysis and publishing business and an environmental publishing business

• Trustee, treasurer and chair of a UK charity’s investment sub-committee

Career History

Bob McDowall

BTA CONSULTING: Strategic Advisor

[1998 to date]

• Works on a range of BTA projects where financial asset, product and services knowledge, experience and skills can be effectively deployed

• Delivers research, analysis and thought leadership skills to relevant BTA projects

• Provides corporate governance and financial regulatory knowledge and skills to relevant BTA projects

• Deploys business origination and development skills to augment the scope and opportunities for BTA Consulting

INTER$LINK: Shareholder and Director

[1995-1997]

• A majority owned subsidiary of Singer & Friedlander Ltd., the banking entity within Singer & Friedlander Group.

• Founder Director, Minority Shareholder and General Manager. Inter$Link provided electronic-based commercial foreign exchange execution and payment services to small and medium sized corporates within the UK and Europe

• Company absorbed into Singer and Friedlander’s corporate banking business through sale of minority shareholders shares and minority sold their shares.

SYTEGRA (THE SYSTEMS INTEGRTATION BUSINESS OF BT): Business consultant to the wholesale finance sector

[1991-1995]

• Identifying and developing business and revenue opportunities for the wholesale finance sector through industry knowledge and network.

• Working as part of the sales team to convert the business opportunities into sale s and revenues, principally through industry credibility, knowledge and skills.

• Key achievements include origination of deals in risk management, clearing and settlement services and the CREST network.

PRUDENTIAL BACHE SECURITIES INC: VP Sales and Marketing

[1988-1990]

• Established and managed a start-up unit in London providing execution, clearing and settlement services in commodities and securities for brokers, small fund managers and banks in UK and mainland Europe

• Exceeded revenue targets in both full years(1989 and 1990) MERRILL LYNCH: Director of Operational Control and Planning MLEME

[1973-1988]

• Performed a variety of line and staff roles of increasing seniority across commodities, banking and the securities lines-of-business

• Functions included Operations Management, Business and New Product/Services Development and Operations Planning and Control

• Located in UK/Europe and on secondment to USA • Represented the firm on a number of practitioner and regulatory

organisations • Met business and personal targets in each year for bonus purposes

and in most years exceeded targets.

TOUCHE ROSS & CO. Taxation Trainee and Associate

[1970-1973]

• Trainee and associate personal and corporate taxation • Computation and of corporate and personal taxation liabilities and

filing of taxation returns

Resumé Mark Hynes

PERSONAL:

British Born 14 March 1948

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

AREAS OF SPECIALIST KNOWLEDGE:

• Development of commercial strategies for those serving capital markets participants, and corporate investor relations.

• Intimate knowledge of the disclosure requirements of global markets. Projects have been completed in UK (on de-regulation of the UK market for disclosure); France (working with AMF to develop an appropriate regime of disclosure by listed companies), and US (working with SEC to develop policies on disclosure).

• Use of back office accounting systems for investment accounting and sources of computer readable information for this process. This includes the management of securities identification systems.

• The corporate data used in financial analysis, and the presentation technologies including XBRL.

• Development of commercial and partnership strategies in financial services.

• Internationalist having worked for 18 years as an expat in Europe (Brussels), US (NYC), and Asia (Singapore). Fluent in French and German – adequate Italian and Spanish.

NON EXECUTIVE APPOINTMENTS:

• Board member of the Investor Relations Society, and Chair of the Policy Committee.

• Non Executive Director of Capital Precision – operating in the analysis of shareholder registers, and street names.

• Member of the Committee of European Securities Regulators working group on the implementation of the Transparency Directive.

• Member of the Financial Services Authority working party on the distribution of price sensitive information.

• Member of the XBRL working group. • Member of the Association of National Numbering Agencies working

party on the development of the ISO 6166 ISIN standard. • Chair of US-based Disclosure Advisory Board, consulted by the SEC.

QUALIFICATIONS: READING UNIVERSITY:

• BA in Modern Languages

HARVARD BUSINESS SCHOOL: • Managing Global Opportunities (a 3 month Executive

level course)

OTHER: • Various in house management development programmes (including work with Michael Porter, and with Cornell Johnson School).

PUBLICATIONS AND EDUCATION ACTIVITIES:

• Moderator of “Compliance in IR” – a course aimed at helping in house Investor Relations Officers understand their ongoing US and UK listing obligations. This leads to a Certificate in IR.

• Author – “A guide to European Disclosure” – 2004/5/6. • Editor – www.disclosureresource.com • Blogger – www.transparencymatters.com • Regular contributor to professional publications in the financial

markets.

INTERESTS: • Trustee of the Sophie Cameron Trust for people with Encephalitis Lethargica.

• Bath Rugby club supporters club committee

Career History

Mark Hynes

TRANSPARENCY MATTERS LTD: Owner

[From 2000]

Transparency Matters Ltd has consulted on a range of projects including: • International development of Media General Financial Services, a

Richmond Va.- based media company developing corporate analytical services for sell side research firms.

• Sales and marketing management for Lafferty publications, a Dublin based financial publishing and events business.

• Development of commercial internet strategies for Financial News – the leading weekly newspaper for investment bankers.

• PR Newswire. A major – ongoing - relationship for TM where Mark is still involved. PR Newswire is the world leading news dissemination service, specialising in compliance with global regulations of disclosure of price sensitive news, as well as investor communications services.

• With BTA Consulting developed the IBM proposal to CESR (Committee of European Securities Regulators) for the development of a pan European storage database of corporate filings.

• Consulting with numerous listed companies in the development of Disclosure Policies in compliance with the FSA Listing Rules.

FINANCIAL TIMES GROUP: Various

[1991-2000]

FT acquired Extel Financial whilst Mark was in the US, as President of Extel Financial Inc. For the FT, he subsequently led the acquisition of Interactive Data Corporation, a D&B subsidiary, which became the parent corporation of Extel. It is currently NYSE quoted. Mark was then asked to go to Asia to manage the Financial Times interests, based from Singapore, he developed and managed a series of acquisition and partnerships from Australia to Japan. On return to the UK, Mark led the team that developed the early versions of FT.com.

EXTEL FINANCIAL: President

[1981-1991]

Extel was the producer of the “Extel Card services” and the market leading computer readable securities database feeding back office accounting functions. Mark’s role was to develop both of these services in overseas markets, initially in Continental Europe, and subsequently in the US. He became a main board Director of the business in 1990.

THE ECONOMIST:

[1975-1981]

Development of international business, including ad sales, circulation development, writing sponsored surveys. The Economist at the time was a UK-focussed newspaper, and I was part of the team that developed it into a global force.

BANK OF LONDON AND SOUTH AMERICA:

[1970-1975]

Management training programme, covering aspects of merchant banking, including credits, bills for collection, investment banking, market making.

Resumé Jan Erik Audsen

PERSONAL:

Norwegian Married Born 5 January 1946

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

Jan Erik is a highly experienced strategy consultant, entrepreneur and project manager with over 19 years consulting experience at high level. He has an in -depth knowledge of business requirements, market analysis, and has managed numerous selection processes and negotiations on IT solutions for blue-chip organisations.

Since 1990 Jan Erik has developed special methods in analysing projects at different stages in their lifecycles in order to analyse success and risk profiles, included a budget profile to implement the solution at the required quality. Jan Erik has several experiences in overtaking projects that has been categorised as failures. In some of the cases he became project manager where earlier projects had been stopped.

Jan Erik has participated in numerous payment system projects in Norway, based on implementing international standards. Within these projects he has been responsible for both networking and security issues as well as more general issues like being Project Manger and developing cash management strategies.

• Client Server Architecture • Networking on both WAN's and LAN's • Practical cryptography competence within payment systems • Database Technology • Payment Card Technology, both IC-cards and Magnetic strips • Practical use of the Internet in payment systems

QUALIFICATIONS: EXAMEN ARTIUM - UNIVERSITY QUALIFYING EXAMINATION:

• General Certificate of Education • Advanced Level

[1965]

THE INSTITUTE OF BUSINESS ADMINISTRATION (EARLIER - BANKING ACADEMY):

• Bachelor of Banking

[1973]

PRESENTATIONS: • English - Excellent • Norwegian - Excellent • German - Intermediate • French – Intermediate

OTHER SKILLS: • Proficient in; MS Word, Excel, Powerpoint

Career History

Jan Erik Audsen

BTA CONSULTING / AUDSEN CONSULTING: Consultant

[Since 1997]

Project Manager at Oslo Stock Exchange to implement an electronic on line market surveillance system.

Project Manager at Oslo Stock Exchange to update the existing trading system to include Bonds functionality in a multi currency environment.

Project manager engaged by Oslo Stock Exchange to be responsible for implementing the new trading system for Equities.

Advisor to Oslo Stock Exchange Project Managers in the on-going work on Nordic Exchanges Alliance, regarding project management tools, technical evaluations and contractual matters.

• Conducted an analysis on the CSD system being developed for KDPW; Poland by the Canadian Company; EFA Software� Project Manger at Oslo Børs to implement SAXESS as the new trading system, necessary since Oslo Børs became part of the Norex alliance. Besides being the PM for the whole project, Jan Erik was responsible for the Market Readiness programme.

• Project Manager at Oslo Stock Exchange to implement an electronic real time market surveillance system.

• Project Manger at Oslo Stock Exchange to enhance an internet based solution regarding disclosure of information regarding listed Companies.

• Project Manager at Oslo Stock Exchange to update the existing trading system to include Bonds functionality in a multi currency environment.

• Project manager engaged by Oslo Stock Exchange to be responsible for implementing the new trading system for Equities.

• Advisor to Oslo Stock Exchange Project Managers in the on-going work on Nordic Exchanges Alliance, regarding project management tools, technical evaluations and contractual matters.

• Provided a risk profile of a suggested project to establish a stock exchange in Abu Dhabi.

• Provided a risk profile of a project where a large Greek bank was refurbishing their web-based solution directed to national and international based Greek customers.

• Quality assurance of the application development commissioned to Andersen Consulting/Accenture regarding a new internet bank in Norway.

• Advice to organisations and companies regarding a process to select vendors for new software � Courses on project management to companies and organisations

Career History - Cont.

Jan Erik Audsen

AVENIR A/S: Management Consultant

[1990-1997]

• Project Manager when GE Capital evaluated to establish a bank branch in Norway.

• Advisor to the project manager in Christiania Fonds in technical and organisational issues. The project was to implement a new securities system. Responsible for selecting and negotiating the system.

• Project manager in a Norwegian Interbank project to develop a plan for implementing international standards for national interbank payment transactions.

• Advisor to Hakon Gruppen in a study to establish an alternative to the Norwegian Banks acquirer system for debit and credit card transactions.

• Acting as secretariat for both the working groups and The Steering Committee working with "Payment systems 10 years on", on behalf of the Research Council of Norway.

• Advisor to Norges Råfisklag in developing a customer loyalty scheme, based on the banking infrastructure and banking payment card. A "first of it's kind solution" where a banking customer was allowed to use the banking infrastructure.

• Established the specifications for IC-Card for Storebælt, the first toll payment system in Denmark.

• Advisor to Christiania Bank in selecting a new cash management information system to corporate customers.

• Member of the Project Team at the Central Bank of Norway in developing a system for Real Time Gross Settlement System for large value payments.

• Conducted several risk analysis based on industry standards • Conducted several speeches on card loyalty schemes • Team member then making a Handbook on how to implement EDI, on

behalf of the Research Council of Norway • Acted as process consultant on company internal workshops to create

a common base for Business Oriented Change Process STATISTICS SWEDEN: Project Manager

[1991-1992]

Project manager in a SIDA-funded program at the Central Bank of Zambia. The program was initiated by the World Bank.

Jan Erik was responsible to set up a DP-department including employing and training the resources, selecting and negotiating the IT equipment, implementing an internal structured network, and implementing an accounting system at the Bank.

PA CONSULTING GROUP: Management Consultant

[1990-1991]

• Advisor to the Bank of Norway in developing their strategy as banker to the Government.

• Advisor to the Bank of Norway in developing a cash management system for the Treasury.

• Establishing Business Plan and opportunities for a tleecom product based on the OSI standard X.400

• Performed audits to ongoing projects to establish the Project's Risk Profile.

Resumé Anthony Hughes

PERSONAL:

British Born 1st June 1948

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

An experienced Business and IT professional who has also consulted in the fields of strategy and organisational change. Has a record of implementing market-led corporate solutions that have furthered both business growth and survival. • In-depth knowledge of the payments industry. • A proven leader who works effectively at both Board and at “hands

on” project levels. • Has worked closely with banking industry on new UK payments

infrastructure. • Project management, strategic planning, modelling. • An achiever who can focus on a vision and drive it through to

implementation.

STRENGTHS: • Technological and managerial skills. • Successful transformation of core business capability to meet

customer-driven business needs. • Developing (real) customer focused companies. • Developing e-commerce initiatives, gaining corporate / industry

support and constructing supporting structure and processes. • Delivering organisational effectiveness by driving through

understanding and learning at all levels. Change management through people is a particular strength.

PRESENTATIONS: • Given corporate advice /delivered speeches on the future of payment

systems to organisations in Hong Kong, Beijing, San Francisco, Cayman Islands, Bahrain, UK banks and other European institutions.

• Delivered talks and workshops on customer focused organisations in Paris, Kuala Lumpur, Nice. Singapore, Amsterdam

IT EXCELLENCE: DELIVERED PAYMENT SYSTEMS TO THE UK PAYMENTS INDUSTRY

• Direct Debit Amendments / Cancellations. • Automation of Direct Debit Instructions. • Inter Bank network for delivery of cheque data (2 billion p.a.) • Complete change of IT infrastructure (49 million payments p.a.) • European Payments System.

SUPPLEMENTARY: • Non-Executive Director of UK software company.

• Member of Advisory Board to Polish software company. • Member of Advisory Boards of Computer Weekly, Business &

Technology

PUBLICATIONS: • Technology in the ‘90s (published by Inland Revenue) • Margin Management – the principles of Revenue Assurance and Cost

Containment

Career History

Anthony Hughes

Freelance Consultant:

[Since 1999]

• As Managing Director took PAYtastic, a new “dot.com” specialising in Internet payments from an idea to ‘Stage A’ funding. Leading a small team, had hands on responsibility for product strategy, development, finance, legal and marketing.

• Advised BT, IBM and LINK on electronic bill presentment and wider opportunities within the UK payments arena.

• Part of HM Treasury / FSA consultative processes with regard to the “Cruickshank report” (Banking Review) and the new e-Money directive.

• Advised Internet company on electronic wallets, e-Money and other payment capabilities.

BACS LIMITED: THE WORLD’S LARGEST AUTOMATED CLEARING HOUSE Director and deputy to Chief Executive

[1996 – 1999]

Responsible for strategic planning, new product strategy, new business units, relationship management, IT security and risk management.

• Personally initiated payment industry ideas such as Electronic Billing, Presentment and Payment (EBPP) and Electronic Commerce Protection Scheme (ECPS), European cross-border payments.

• Worked closely with APACS on payment industry infrastructure. • Introduced new business streams that were sensitive to the

competitive positions of member banks. These involved delicate negotiations.

• Introduced commercial culture rather than one focused solely upon cost recovery.

• Implemented a public key cryptography capability.

BACS LIMITED: IT Director

[1991 – 1996]

Responsible to the Board and CEO for all aspects of IT and wider board-level corporate activities. Management of Development, Telecommunications and Operations over four sites (280 staff, £27m revenue budget).

• Developed an inter-bank network for the transmission of cheque data (12 banks, 40 sites, 2bn cheques p.a.). The service never missed any SLAs.

• Re-structured several departments into a professional, cohesive whole and reduced staff by 50% (from 560) without jeopardising service levels.

• Implemented infrastructure that has seen BACS’ annual volumes grow from 1.8bn to 5bn payments and daily peak of core traffic grow from 15m to 49m. I developed a world class capability - proven by the fact that in this period BACS never failed and always delivered payments on time.

• Replaced all mainframe computers and telecommunications hardware - achieving negotiated savings of well over £15m.

• Introduced industry-wide messaging systems (saved industry c. £20m p.a.)

• Chaired UK banking industry initiatives relating to inter-bank networks, industry security / authentication and European ACH linkages.

• Managed conflicting demands of BACS’ shareholders comprising 19 of the largest UK financial institutions.

Career History - Cont.

Anthony Hughes

OASIS LTD: Managing Consultant (and founder member)

[1987 – 1991]

OASiS was a start-up, innovative consultancy dedicated to business change. During the period 1987 – 1991, it was the fastest growing consultancy in its field - from a zero base to an annual turnover of £6m and over 100 staff.

• Produced 1990s scenario (published) for the Inland Revenue. • Analysed, designed and gained Abbey National board agreement to

the development of a customer database. • Undertook a European survey for Exxon in order to develop an

international IS technical and organisational strategy. • Managed a major IT strategy, a marketing information project and

productivity review for Glaxo Pharmaceuticals. • Developed strategic plan for IT standards for the CCTA within HM

Treasury. • Responsible for internal staff development, the development and

marketing of strategic consulting and organisational methodologies.

TRADE INDEMNITY PLC: THE UK’S LEADING CREDIT INSURANCE COMPANY.: Assistant General Manager

[1980 – 1986]

Responsible for IT, telecommunications, business systems (incl. O&M), development, IT R&D, data protection.

• Developed IT department from scratch to eliminate costly and unresponsive bureau services

• Developed strategic plan and led resulting company re-structure. • Accelerated service levels and increased broker productivity through

the introduction of new national communications networks and services.

• Initiated Europe-wide insurance network.

EARLY EMPLOYMENT HISTORY:

ICL PLC, CHIEF BUSINESS CONSULTANT:

[1977 – 1980]

• W.H. Smith; Managed £2m project to improve cashflow by linking regional accounting centres. The project was completed successfully, on time and within budget.

• Prepared complex Invitation to Tender for the UK Atomic Energy Authority.

• Carried out successful DP management assignments.

BERLEI (UK) LTD, SENIOR SYSTEMS ANALYST: [1976 – 1977]

• Achieved board approval for stock control and order processing system.

METTOY CO. LTD, PROJECT LEADER / SENIOR ANALYST: [1972 – 1976]

• Undertook feasibility studies, requirement specifications, systems design. Implemented operating system. Completed urgent system re-write.

Resumé Alistair Pearson

PERSONAL:

British Born 9th July 1959

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 alistair.pearson@btaconsulting.co.uk TEL: +44 (0) 1732 887244

PROFILE:

Alistair Pearson is a management consultant with extensive knowledge and experience of securities and payments processing, gained and deployed in assignments with leading international firms since 1986. He has worked with central market organisations, investment and commercial banks, investment managers and brokers, and service and solution providers.

Alistair specialises in the (re)design of processes and the application of IT to enhance operational efficiency and mitigate risk. His ability to establish business needs and identify feasible, cost-effective solutions has been evident throughout a career in IT spanning 27 years. He has worked in financial services since 1985.

Alistair’s work with clients typically involves interfacing between service providers and users: establishing functional requirements, evaluating candidate solutions and solution providers, assisting with implementation and assessing operational performance. He engages effectively with stakeholders in the planning and introduction of solutions, and works alongside users to facilitate the adoption of new systems and procedures.

STRENGTHS: • Good understanding of banking and investment practices • Rigour in defining and prioritising business requirements • Clarity in presenting concepts and proposals • Proven ability to produce well-structured documentation of a

consistently high quality • Tenacity in raising critical issues with decision makers and working

constructively to resolve them • Commitment to ensuring that solutions deliver real value

PROFESSIONAL QUALIFICATIONS:

CAMBRIDGE UNIVERSITY: • MA (Economics)

NATIONAL COMPUTING CENTRE:

• Certificate in Systems Analysis LONDON STOCK EXCHANGE:

• Securities Industry Examination – Regulation and Compliance

[1978-1981] [1982] [1987]

PRESENTATIONS: While with Logica, Alistair regularly made conference presentations and led workshops on securities and payments infrastructure topics. While with Price Waterhouse, he developed material for, and led sessions at, the Capital Markets Workshop, a public course run jointly with the Financial Times.

IT EXCELLENCE: With 27 years’ IT experience, Alistair has demonstrated his ability to elicit and prioritise business needs and to guide the selection, development and implementation of solutions to ensure that those needs are met.

Career History

BTA CONSULTING: Business Consultant

[since 2003]

• A new entrant software house – strategic review of their surveillance system and design of major upgrades

• SWX Europe Limited – Undertook the design of a RFQ for a replacement outsourced trading and surveillance system

• UK Public Trustee – The Public Trustee holds £300m of financial assets on behalf of trust clients. Alistair was involved throughout a two-year programme to outsource most of the caseload (accumulated since 1906) of the UK Public Trustee. His contribution included: o Defining and implementing a control framework to ensure

operational readiness o Advising on the rationalisation of investments o Planning the dematerialisation of stock in Crest o Designing and monitoring an end-to-end process for the transfer

of trusts to a new service provider. o Analysis to support the RFP and selection process

• Alistair undertook several assignments for a European provider of financial market and payment services: o Advising on the payments infrastructure needs of emerging

economies o Undertaking due diligence on a settlement solutions provider prior

to acquisition of the company o Assisting with large-scale payments infrastructure bids.

LOGICA: Principal Consultant

[1995- 2003]

• Logica Financial Services - Working alongside other domain experts to o Develop, position and promote Logica’s offerings (business process

outsourcing and software solutions) o Manage relationships with partners o Evaluate third party solutions and solution providers o Assist with bids in Europe, the Middle East and Asia.

• Reuters - Alistair acted as functional authority on a project to design and deliver a global messaging service for the pre-order phase of institutional equity trading (indications of interest). A use case driven approach facilitated the prioritisation and validation of requirements.

• Yapi Kredi Bank (a leading Turkish commercial bank) - Alistair helped with the evaluation and selection of a software package to provide highly automated trade processing and risk management support for Yapi Kredi’s treasury operations. He led the initial scoping study and the definition of functional requirements.

• Global Securities (a leading Turkish broker) – Advised on the selection of a transaction processing solution capable of handling high volumes.

• Bank of Ghana (the central bank) - Consulting widely with payment system participants, Alistair led a stocktaking exercise for the Bank of Ghana designed to identify and prioritise feasible improvements. These included the automation and rationalisation of cheque clearing and the provision of inter-regional settlement links.

• Mercury Asset Management - Alistair was retained by the Board to support a major automation initiative. He planned and coordinated the roll-out of a real-time order management system to more than 150 fund managers and dealers. He also advised on issues relating to the outsourcing of custody operations.

• ING - Alistair assessed the impact on ING’s investment banking operations of the introduction of the euro.

PA CONSULTING: Principal Consultant

[1990-1995]

• National Payment Systems – Alistair operated as lead consultant on a series of assignments with central banks: o New Zealand - Alistair led a team drawn the Reserve Bank of New

Zealand and the New Zealand settlement banks in an investigation of the feasibility of real-time gross settlement (RTGS). He defined an operational framework for RTGS, modelled payment flows to assess the need for intra-day liquidity, and specified high-level system requirements

o Vietnam - On behalf of the World Bank, Alistair consulted with the State Bank of Vietnam and the major commercial banks to establish an organisational framework and operational requirements for an automated national payment system

o European transition economies – consulted with commercial banks to determine national payment system requirements

• UBS - Alistair played a major part in the specification of a common settlement platform for the investment banking operations of UBS. His main contribution was to identify the common characteristics of equity and debt instruments and define business processes in generic terms.

• Lloyds Bank – Reviewed the custody and trust operations, and helped with systems planning.

• Credit Lyonnais – Advised the London branch on changes to payment processing systems prior to its admission to CHAPS as a settlement member.

• NatWest Capital Markets – Advised on the sourcing of fixed income data.

• London’s Derivatives Markets - Alistair was engaged on several assignments to develop trading and clearing services: o Recommending improvements to the trading infrastructure of the

International Petroleum Exchange o Advising the London Metal Exchange on its support services

• Assisting the London Clearing House in the specification of a depository service.

PRICE WATERHOUSE: Supervising Consultant

[1986-1989]

• London-based Investment Banks – Alistair undertook several assignments to assess operational effectiveness, and assisted in the development and implementation of performance improvement programmes: o Rationalisation of equities settlement at a large UK securities

house o Overhead cost reduction at the London branch of a US investment

bank o Advising a UK investment bank on the operational viability of its

securities arm and investigating outsourcing options. • Lehman Brothers - Analysing a wide range of front and back office

functions, Alistair identified and documented core business tasks in preparation for the implementation of a transaction processing system at the London branch of Lehman Brothers.

• UK Financial Services Group - Alistair devised a systems framework for the provision of integrated broking and cash management services to customers of a UK financial services group.

• Barclays Bank – reviewing the operational performance of a subsidiary set up to provide equity settlement services to market makers and broker/dealers

• London Stock Exchange - Alistair advised the London Stock Exchange on the development of its trade confirmation service.

• Committee of London and Scottish Clearing Bankers – advised the major UK banks on the implications of the proposed TAURUS system for their broking, custody and registration businesses.

LONDON STOCK EXCHANGE: Senior Systems Designer

[1985-1986]

• Alistair was involved in the formulation of policy and the development of systems in preparation for 'Big Bang'. First he conducted an investigation of market supervision requirements. Then he led a team engaged in the design of a surveillance system which provides on-line enquiry facilities for regulatory staff.

GENERAL ELECTRIC COMPANY: Business Systems Analyst

[1981-1985]

• Alistair received a thorough grounding in business systems analysis and information systems planning. He was involved in the specification of a wide range of manufacturing systems, and assisted in their implementation.

Resumé Rob Spivey

PERSONAL:

British Born 22nd October 1953 Married

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

Senior Financial Manager (FCMA) with a successful record of achievement in major organisations worldwide. Areas of particular expertise include:

• Operations of financial control departments. • Innovating and implementing financial management controls in

diverse organisations at start-up and during periods of rapid change. • Managing the implementation of financial software systems on

mainframes and PCs using structured project control methods. • Working with people with diverse backgrounds and experiences

STRENGTHS: • Complex tariffing models for financial services businesses and services

• Operations processing and re-engineering of operational environments to achieve optimal throughput and control

• Business analysis.

PROFESSIONAL: INSTITUTE OF CHARTERED MANAGEMENT ACCOUNTANTS: • Fellow (FCMA)

[???]

QUALIFICATIONS: UNIVERSITY OF MANCHESTER (UMIST): • B.Sc. Statistics and Operational Research

[???]

Career History

Rob Spivey Independent Consultant

[since 2003]

Assignments include: • With BTA Consulting leading an accounts recovery exercise for central

government trust department for £250m of client assets. • Providing accounting support for a number of small financial service

companies in the City. • Tariff modelling for BT Syntegra’s bid winning and account

management process as a part of a market entry strategy that has proven to be highly successful for BT

XANSA: Senior consultant in the business change division

[1998-2003]

• For a major 3G telecoms startup, leading a team developing and documenting financial processes for the new company, based on Oracle 11i software; leading a team developing the development of processes and requirements for the implementation of the billing systems; leading a team testing billing systems and processes,

• For a general insurance taking the role of package implementation manager for the implementation of contact centre software,

• For the credit union organisation of Ireland, acting as business implementation manager for the implementation of front office software for up to 500 credit unions in Ireland. Focused particularly on the management of business requirements, package selection and initial roll out

• For major insurance company managed the testing, training and roll-out of a Coda/Baan general ledger/accounts payable system to 10 operating divisions.

Independent Consultant

[1994-1998]

• For the Electricity Pool of England & Wales, being responsible for a team of 14 visiting all Regional Electricity companies to witness the readiness of their systems and procedures to operate to Pool trading standards when electricity market deregulation is introduced in September 1998. Developed scripts for testing Half-hourly and Non-half hourly electricity trading operations within an SSADM/Prince environment,

• For a Regional Electricity Company, designing and inplementing business acceptance testing for changes to billing, metering, meter operations systems, electricity trading systems required because of deregulation in the electricity industry in 1998. Managed project to change financial controls to adapt to 1998 within a SAP environment,

• With BTA Consulting advised BT Syntegra on business operation and financial viability of £30M Crest telecoms network to support paperless settlement for UK equities - managed business and technical support team for BT programme to sell to UK equity market. Worked with major organisations in UK equity and gilts market to translate their back-office operations into network traffic estimates and hence tariffs.

CAMBRIDGE CABLE: Financial Controller

[1993-1994]

Financial Controller of Comcast/Singapore Telecom joint venture installing cable TV and telephony services in franchise areas containing 400,000 homes. With a staff of 20, responsible for setting-up and developing internal controls relating to expenditure control, multi-currency cash management and product pricing to cope with a rapid expanding organisation (operations expanded from 10,000 to 50,000 subscribers in one year). Also responsible for long-term planning exercises relating to the funding of potential franchises and OFTEL regulatory reporting requirements.

POLSKA TELEWIZJA KABLOWA (PTK): Financial Controller, later CFO

[1991-1993]

Financial Controller, later CFO, of US/Polish Telecom owned new joint-venture installing cable TV in major cities in Poland. Based in Warsaw, responsible for the financial operations in the company's seven operating locations and corporate office. Operations grew from 0 to 75,000 subscribers in two years. Major achievements include:

• Developing a five-year business plan for use in securing company financing. Seconded to US Head Office to co-ordinate preparation of financial information for additional US government and private investors in the project,

• Implementing new accounting controls to meet both Polish and US authorities to GAAP standards. Managing the year-end statutory reporting process (Polish and US) from preparation to board presentation,

• Managing department of 20 mostly non-English speaking staff, • Resolving major issues affecting the business raised by Polish

exchange controls, customs, banking and tax laws, • Introducing a full range of internal financial management controls and

software systems. LONDON STOCK EXCHANGE: See Below

[1987-1991]

Rapidly expanding £200M organisation generating revenues from information processing systems, settlement and regulatory services, London Traded Options operations. Held a range of positions starting as Senior Management Accountant for Information systems, progressing to Head of Management Accounting, Head of Financial Accounting and Head of Central Finance. Responsible for up to 50 staff. Managed business process changes, general ledger maintenance (Computer Associates package) and new GL implementation (OLAP). Revised financial reporting and activity based costing approach.

KPMG PEAT MARWICK: Management Consultant

[1984-1987]

As management consultant designed and implemented financial management controls for clients such as Eurotunnel and European Commission (working in London, Brussels and Paris), two large Persian Gulf-based oil producers (lived in Middle-East), and a major UK central government department. In-depth experience of project management using techniques such as SSADM and implementation of financial software packages.

MARATHON OIL: Consultancy

[1981-1984]

£2 billion multi-currency joint venture developing North Sea oil fields. Major areas of responsibility included performance reporting to joint venture partners, multi-currency loan accounting and running and developing UK financial computer systems (based on MSA package).

H. J. HEINZ: Consultancy

[1979-1981]

Reporting consolidated financial performance in the UK and to the US; co-ordinating forecasting and budgeting processes. Reviewed UK accounting procedures, systems and methods - major recommendations implemented.

3M (UK) LTD.: Consultancy

[1976-1979]

As graduate trainee, gained financial control experience of marketing, manufacturing and administration areas; produced and consolidated monthly management accounts and presented them to senior management team; identified and implemented improvements to financial reporting and control procedures.

Resumé Paul Brown

PERSONAL:

British Born 9th August 1953

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

Experienced Qualified Accountant and Oracle Applications functional consultant, currently working as contractor. Solid record of implementations on client sites, plus presales, training and support roles. Implemented Financials and CRM products at a range of clients, national and international, in the private and public sectors. 10 years’ experience of Oracle, including over 6 years with Oracle (UK) Limited. Background in Finance - graduate qualified accountant, with ‘Big 4’ international firm experience, plus senior financial management roles.

STRENGTHS: • Extensive up to date Oracle Applications product knowledge (CRM and Financials)

• Ability to deliver working solutions within timescales and budget

• Range of client facing skills including influencing, training

• Knowledge of business processes, based on professional qualifications, training, and business experience

• Analytical approach

• Team worker

• Adaptability - coping with changing requirements and unexpected situations

• Ability to learn quickly

• Sensitivity to different client cultures

PROFESSIONAL: INSTITUTE OF CHARTERED ACCOUNTANTS OF ENGLAND & WALES:

• Associate Member – ACA

[1980]

QUALIFICATIONS: CAMBRIDGE UNIVERSITY: • BA (Hons.)

[1974]

Career History

Paul Brown OFFICIAL SOLICITOR AND PUBLIC TRUSTEE (UK GOVERNMENT – PART OF DEPARTMENT OF CONSTITUTIONAL AFFAIRS): Consultancy

[since 2005]

Client resolving problems with accounting system prior to audit by NAO and tenders for part-transfer of business to private sector. Role: Quantifying various accounting and reporting problems, devising solutions, expediting resolution. Currently managing the CGT data collection and cleansing sub-project STAR TECHNOLOGY: Consultancy

[Nov05-Apr06]

Client replacing outmoded diverse systems with integrated suite of Oracle software modules (HR, Financials, CRM). Role: Analysing requirements for CRM. Configuring development system for first phase of implementation, and planning for subsequent phases. O2 UK LIMITED: Consultancy

[Jan05-Apr05]

Client upgrading Oracle Financials, and consolidating Supply Chain system (Inventory, Purchasing) onto same database. Role: Planning and managing the data migration rehearsals from Supply Chain existing systems to new Oracle system, including reconciliation.

NATIONAL TRUST: Consultancy

[Jan04–Dec04]

Client replacing CRM systems and finance systems with new Oracle systems to be run by outsourcing company. Role: Finance stream team leader. Configuring Oracle products to fit client business requirements, specifying customisations, supporting testing, data migration, training. Interfaces with CRM modules and General Ledger– configuration and problem resolution. Handover to outsourcers. System live in November 2004. Post go-live support of Financials.

FINANCIAL SERVICES AUTHORITY: Consultancy

[Jun03–Dec03]

Client aiming to reduce the cost of printing and postage by introducing email to send regulatory information to customers, and also to improve the relevance of information sent by targeting the messages more accurately. Role: Setting up Oracle Marketing, and related modules, on top of existing Oracle Financials to extract required customer records and send bulk emails with relevant information. Designing process, configuring Oracle products, training users, testing, analysing data problems, re-designing interfaces. System live in December 2003 EGG PLC: Consultancy

[Feb03–Apr03]

Client had Oracle Marketing Online version 11.5.6, which was proving inadequate for business needs, so looking to improve the product Role: Supporting users of existing product while preparing for upgrade to new version (researching new features in 11.5.9 and planning for implementation)

Career History - Cont

Paul Brown DELL COMPUTERS: Consultancy

[Oct02–Jan03]

Client processes very high volumes of sales orders. Improvements were needed to reduce the effort involved in order cancellations and re- bookings. Role: Analysing problems. Recommending process improvements. Specifying and testing custom developments to automate the manual processes. ORACLE CORPORATION UK LIMITED: Functional Consultant

[Jan96–Oct02]

Functional Consultant for Applications products. This generally involved process design and system implementations at client sites, and included analysing requirements, configuring applications, conducting workshops, specifying customisations, testing, problem resolution, training, documentation, data migration, post go-live support. Clients included: O2 PLC (formerly BT Cellnet) – Telecoms. 6 weeks. Implementation of sales opportunity management and forecasting system for corporate sales division. Marconi PLC – Telecoms. 8 months Implementation of sales opportunity management and forecasting system, including designing new processes and integration with Order Management Croner.CCH – Publishing. 3 months Modelling new processes for Sales Lead Management on a new central database (Telesales application). Arts Council of England – Public sector grant awarding body. 1 year Implementing new central Contact Management database and related processes, to be linked to grants payment system. Later supporting Contact Management and Financials after go-live Toshiba UK Limited – Electronics. 3 months Implementing Receivables (customer account management and debt collection) as part of Financials suite, and supporting Accounts Payable. Alliance and Leicester – Financial Services. 10 months (part time) Implementing Receivables and Cash management as part of Financials suite, integrating to custom billing systems. Including migrating data from legacy systems. Reconciliation of opening bank balances and new processes for automatic reconciliation of electronic bank statements Dell Computers (Germany and Austria) – Computer Manufacturer. 1 year Implementing Receivables and related business processes as part of a new order management system. Supporting users on site post go-live Tesco PLC – retailing. 3 months User training and post go live support for a new Purchasing system (indirect purchases) which consolidated numerous departmental systems BZW (was part of Barclays Bank) – stockbrokers. 6 months Implementation of purchasing system to control internal costs. Also some pre-sales work and delivery of internal training.

Career History - Cont

Paul Brown OCÉ UK LIMITED AND SUBSIDIARIES: Various (See Below)

[1985– 1995]

Various senior financial management roles – Financial Controller, Chief Accountant, Leasing Manager - covering:

• Preparation of internal, Head Office and statutory accounts • Accurate reporting to deadlines • Managing 25 staff • Control and development of finance IT systems • Board level reporting • Liaison with professional advisers, auditors, tax authorities • Negotiation with suppliers e.g. car fleet • Management of in house leasing subsidiary with responsibility for

profitability and cash flow • Negotiating with customers

PEAT, MARWICK MITCHELL AND CO (NOW KPMG) : See Below

[1981-1985]

Joined as newly qualified CA. Accounting, auditing, tax, etc. Included a one-year consultancy assignment at a major government department (Department of Employment), implementing a new General Ledger system.

Resumé Dilraj Sidhu

PERSONAL:

British Single Born 25th November 1977 Clean driving license

ADDRESS:

Close House 84 Crouch Lane Borough Green Kent TN15 8LU

FAX: +44 (0) 1732 887243 TEL: +44 (0) 1732 887244

PROFILE:

A recently qualified accountant, with significant experience in accounting techniques, taxation, data modelling, SME incomplete records projects.

STRENGTHS: • Reliable, trustworthy, numerate and meticulous. Able to work on own initiative or as part of a team and can deal with administrative duties competently. Punctual, motivated, highly organized and competent individual

• IT literate with experience of implementing spreadsheet modeling;

• Capable of producing written and verbal presentations;

• Sage Line 50, Sage for payroll, Pegasus Opera for payroll, Iris accounting system, TABS, Microsoft Office XP, Microsoft access, Word, WordPerfect, Excel, Outlook and PowerPoint;

• IT languages: - Think C programming, C++, Visual Basic programming with experience in database back end creation;

• Extremely familiar with Internet resources and usage.

• Languages: - English, Punjabi fluent written and spoken, Hindi spoken, basics in German.

PROFESSIONAL: ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS:

• ACCA Affiliate Will be an ACCA member shortly, having obtained three years experience to satisfy the membership requirements.

CHARTERED TAXATION ADVISOR:

• CTA student

[2002- 2005]

QUALIFICATIONS: LONDON GUILDHALL UNIVERSITY: • BA (Hons) Accounting with Accounting Systems (2.1)

[1999- 2002]

Career History

Dilraj Sidhu ALL DEPENDING ON THE CLIENT: Self Proprietor Accounting/tax consultant (F/T and P/T)

[since 2005]

• With BTA Consulting, advising a UK Government department on a project (subject to the Official Secrets Acts 1911-1939) to deliver financial stewardship of client monies. Undertook a fee recovery programme and fee modelling for a Parliamentary fees order. Prepared several sets of individual client accounts.

• Accounting work • Book-keeping work • Tax work • Consultancy work

THE LAWFORD COMPANY: Accounts/Tax senior (F/T)

[06/02– 06/05]

Ensuring the smooth running of the company in all areas. • Preparation of accounts: - Sole traders, partnerships and companies; • Preparation of tax returns: - Personal, partnership and corporation; • Preparation of VAT returns; • Book-keeping for sole traders, partnerships and companies; • Responsible for monthly payrolls for a number of the clients; • PAYE matters; • Financial reviews; • Experience in dealing with foreign nationals working in the UK on tax

equalized packages and UK nationals seconded overseas; • Additional tasks I took charge of when it was required: - banking,

bank reconciliation’s, administration tasks, training juniors, operating the telephones and seeing to post.

PARKER CORPORATE SERVICES: Bookkeeper/Admin Person (F/T & P/T)

[08/01-06/02]

Ensuring the smooth running of the accounts department of parkers and our subsidiary Thames Cars.

• Responsible for the credit control; • Responsible for the purchase ledger, sales ledger and nominal ledger; • Responsible for the monthly payroll; • Additional tasks I took charge of: - banking, bank reconciliation,

double checking cash flows, receipts, handling petty cash, settling invoices, operating the telephones and seeing to post;

• Responsible for opening and closing the office (usually only me there); • Cleaning the office; • Devised a new filing system to maintain the files held by the

department. HOUNSLOW DENTAL PRACTICE (NOW KNOWN AS CARE DENTAL): Dental nurse/Receptionist (F/T & P/T)

[06/97-05/01]

Ensuring the smooth running of the surgery • Prime responsibility to patients and helping dentist with treatments; • Answering calls, taking files out, taking payments, making

appointments; • Responsible for opening and closing surgery if I am first in or last out; • Cleaning the surgery.