International Financial Business Solutions, (IFBS AG) Continues Its Global Expansion and Opens New York Office at 45 Rockefeller Plaza, New York, NY.

NEW YORK -- Zurich Headquartered IFBS Appoints Tom Ricciardi as Managing Director Americas to Lead US Expansion for Its Securities Lending, Repo, and OTC Derivatives Collateral Management Solutions

International Financial Business Solutions, (IFBS AG), a leading global provider of Securities Lending, Repo and OTC Derivatives Collateral Management solutions, continued its expansion into the US with the appointment of Tom Ricciardi as Managing Director Americas. IFBS's FINACE(R) application solutions are used by a growing number of leading global investment banks and securities and investments firms.

FINACE(R) is the unique fully integrated solution that supports the future business model within all Securities Finance and Collateral Management products. The architecture of FINACE(R) is based on a stable, leading edge technology platform that empowers customers to manage complex, scalable business-critical functionality. With flexibility at its core, customer-driven extensions and modifications can be quickly and easily applied to the standard component set. FINACE(R) supports the following business areas: Securities Lending, Repo, Structured Securities Finance and OTC Derivatives Collateral Management, enabling customers to adapt a more integrated approach and organizational view of business operations.

IFBS has opened its US offices at 45 Rockefeller Plaza, and has appointed Tom Ricciardi as its Managing Director Americas. He was formerly Industry Director of Compaq Services' capital markets business consulting practice, and several capital markets, Securities Lending, and banking solution providers in the US, Asia Pacific and Latin America. Tom has over 25 years Wall Street applications experience since receiving his MBA at Pace University and BS from New York University. He will be based in the company's offices in New York and report to Felix Oegerli, CEO. Mr. Ricciardi will oversee IFBS's US customer development and will be responsible for expanding IFBS's growing leadership position in the Securities Lending and Collateral Management solution segment.

"Tom's expertise in securities and investments application technology coupled with his business development experience in the industry will help us move ahead rapidly as we continue to innovate creative Securities Lending and Collateral Management solutions," said Felix Oegerli, CEO of IFBS AG. "Tom's solid experience will play an instrumental role in developing and expanding our US and global operations and we are thrilled to have him join our senior management team."

About International Financial Business Solutions, (IFBS AG)

IFBS was founded in August 1999 with the goal to provide software and consulting solutions for the financial industry. In 2001 IFBS, commenced with application development, and in early 2004, IFBS launched its first standard application solution, FINACE(R), with the mission to become the global market leader in Securities Lending, Repo and Collateral Management IT solutions. IFBS is headquartered in Zurich, Switzerland. The IFBS solution portfolio includes comprehensive application software deliverables as well as business analysis, and systems integration project management for implementation and deployment of its FINACE(R) solutions. IFBS's clients include ABN AMRO Bank (Switzerland), Credit Suisse, Bank Vontobel AG, Banca del Gottardo, Zurich Cantonal Bank, LGT Financial Services AG, VP Bank, and Banque Cantonale Vaudoise (BCV).