Dean A. Kurdyla Joins IBEX Capital Markets As Head of Conduit Management Group.

Business Editors

BOSTON--(BUSINESS WIRE)--Sept. 7, 2000

IBEX Capital Markets announced the appointment of Dean A. Kurdyla to Managing Director and head of the Company's conduit management group. He will be responsible for the day to day management and operations of the business unit. Mr. Kurdyla will report to Gordon A. Baird, the Company's Chief Executive Officer.

Quoting Mr. Baird, "We are extremely excited about Dean joining the Company. His expertise and extensive industry background is a significant addition to our team and will be a major contributor to our conduit management efforts"

Mr. Kurdyla joined IBEX Capital Markets, Inc. in August, 2000. Prior to joining IBEX, he spent six years as an Executive Director and Chief of Staff of CIBC World Markets' Asset Securitization Group. He was responsible for the daily operations of five domestic and international conduits with total commitments exceeding $25 billion. Mr. Kurdyla's responsibilities included Asset & Liability Management, Credit Administration, Hedging, Commercial paper Funding and Financial Accounting & Reporting. He was also the Company's liaison with the rating agencies and legal counsel. Prior to CIBC, Mr. Kurdyla spent three years at Price Waterhouse as a senior accountant in the Financial Services Audit Practice unit auditing asset securitization and other financial service clients. He has earned his CPA and has a Bachelor's Degree in Accounting from Lehigh University.

IBEX Capital Markets is a specialty asset management and financial services firm headquartered in Boston, Massachusetts. The company focuses on delivering specialized financial administration services, asset-backed commercial paper programs and structured investment products to institutional clients.