SOURCE: Avadhi Finance and Technology

September 23, 2008 11:22 ET

Brett Paulson Joins Emerging Financial Technology Company

CHICAGO, IL--(Marketwire - September 23, 2008) - The former Chief Information Officer of The Clearing Corporation (previously The Board of Trade Clearing Corporation) in Chicago, Brett F. Paulson, has joined Avadhi Finance and Technology, Inc., an emerging leader in multi-asset trading platforms.

Avadhi founder, Paresh Malde, announced Monday, September 22, 2008, that Paulson was appointed CEO and a member of the Board of Directors. Malde remains company President, Board Chairman and will assume the role of Chief Operating Officer.

Paulson, a 30-year veteran in financial and technology service industries, led The Clearing Corporation to a historic restructuring of the capital and shareholder base. As President and Chief Operating Officer, Paulson helped orchestrate the convening of some of the world's largest members of the investment banking community in order to create innovative solutions aimed at the OTC clearing space as well as the exchange-traded derivatives marketplaces. Previously, Paulson held senior management roles at CS First Boston, IBM, Bank of America, Harris Bank and International Harvester. He holds an M.B.A. in Finance from DePaul University.

"Brett's industry leadership brings to Avadhi a significant moment in our rapid growth and expansion," said Malde of the privately held company, based in Okemos, Michigan. "His involvement and vision for the company is going to solidify Avadhi's position in the industry as a leading provider of trading solutions."

Avadhi Finance and Technology's trading platforms are found at some of the world's top brokerage firms.

Paulson said, "Avadhi has top-shelf products, a finely honed R&D, energetic personnel and an ambitious business agenda that I can enthusiastically embrace, adding my expertise, and ideally, accelerating its success. I am delighted to be joining such an innovative and talented performer in our industry."

ABOUT AVADHI FINANCE AND TECHNOLOGY

Avadhi Finance and Technology is emerging as a leading provider of technology products and services to the global financial services industry. Its flagship product is a comprehensive multi-asset trading platform with innovative features that addresses the needs of the sophisticated investors in the era of the fully electronic marketplace. Avadhi Finance and Technology is located at 1745 Hamilton Rd, Suite 340, Okemos, MI, 48864. Call 877.201.4767; info@avadhi.com; or visit www.avadhi.com.

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