Friday, June 11th, 2010 - QuIC Financial Technologies Inc.
Accomplished Industry Veteran to Drive Technology Strategy and New Technology Development

VANCOUVER, CANADA--(Marketwire) - QuIC Financial Technologies Inc., a market leader providing the world's financial organisations with risk management, pricing and analytic solutions, today announced the appointment of industry veteran Simon Calvert to the position of Chief Technology Officer. In this position, Calvert will play a leading role in driving QuIC's technology vision and reinforcing its reputation as an innovator in the industry during the next phase of the company's growth plans.

"Simon is a proven leader in the risk management industry, with unmatched expertise in the banking and finance sectors and a comprehensive understanding of technology development," stated Nigel Cairns, President and CEO of QuIC. "His vast experience in our industry coupled with his intimate knowledge of our solutions gained from his years at Rabobank make him an invaluable addition to our leadership team and uniquely qualified to ensure QuIC continually meets the demands of our clients."

Calvert's distinguished career in the risk management technology field spans over 26 years and includes leadership positions with numerous financial and technology organisations. Prior to joining QuIC, Calvert spent five years as the Head of Risk IT at Rabobank International, where he was responsible for the bank's corporate, product and IT risk strategies, as well as implementing QuIC's solutions into its risk architecture.

From 1996 to 2005, Calvert was the Credit Risk Product Director at Raft International (now Temenos), leading the development of the company's risk technology, compliance efforts and best practices. Prior to his tenure at Raft, Calvert served in numerous senior development, software engineering and consultancy roles for organisations such as Wilco, Database Solutions, Ceres Trading Systems, Scicon and GEC.

"Having worked with QuIC for numerous years, I gained a deep appreciation for the quality and breadth of QuIC's technology and their commitment to bring technologically advanced risk solutions to our industry," states Calvert. "I look forward to leveraging my expertise to build upon their technology foundation and helping to define a long-term strategy that will drive QuIC's expansion during this tremendous period of growth for the company."

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QuIC Financial Technologies Inc.


At QuIC, we provide the world's leading financial organisations with enterprise solutions to power their risk management, pricing and financial analytics. With the advanced vectorised technology of the QuIC Engine(tm), our solutions perform highly complex, large-scale calculations at unparalleled speed with unmatched accuracy. From intraday portfolio analysis to rapid implementation of new models and financial instruments, our technology allows industry leaders to stay ahead of the market and ahead of the competition. http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=630067&ProfileId=&sourceType=1
Julie Zuzek, Director of Marketing and Communications
P: +44 (0)20 7562 4570
W: www.quic.com

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Industry veteran Simon Calvert awarded position of Chief Technology Officer a QuIC Financial Technologies Inc.

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