SOURCE: Compushare, Inc.

October 20, 2008 06:08 ET

Compushare Appoints Financial Technology Risk Management Expert, Dwij Sharma, to Lead and Deliver Risk and Compliance Programs

SANTA ANA, CA--(Marketwire - October 20, 2008) - Orange County, Calif. based financial technology management company, Compushare, Inc., announced today the key appointment of Dwij Sharma to lead and deliver risk and compliance programs for the Company's community financial institution clients. Sharma joined Compushare in September of 2008 bringing to the team nearly 20 years of experience directly serving the banking and credit union industry and over 30 years' experience within the Information Technology field. With this latest strategic move, the Company continues to develop and strengthen its community-based management teams in an effort to maximize value and efficiency delivered to institutions partnering with Compushare through its client-centric business model.

"As the industry's regulatory environment continues to evolve and grow more stringent, compliance and risk considerations now reach into every corner of the community financial institution's business. They are particularly challenging in the area of technology and information management," stated Michael Barrack, Vice President of Client Services at Compushare. "More than ever, our clients need an outsourced technology management partner that fully grasps the banking business and can offer guidance through examinations and audits. Community financial institutions often cannot support the budget required to employ the internal expertise needed to address specialized areas such as continuity planning, IT governance, network security and regulatory compliance. Compushare assists in leveling the playing field and allowing community based institutions to effectively compete in the market by providing enterprise level resources at the right price. Dwij is truly a valuable asset to our clients in that he understands the full range of these specialized areas, and provides our clients access to that critical guidance and direction on an outsourced basis."

Sharma, Senior Risk and Compliance Specialist and a key contributor to the Client Services Group at Compushare, holds extensive experience in technology risk management and planning. His areas of expertise include technology governance and compliance, security, disaster recovery/contingency planning and audit. Prior to joining Compushare, Sharma managed the technology audit and disaster recovery functions at a number of financial institutions and spearheaded numerous projects covering Sarbanes-Oxley (SOX) compliance, technology excellence initiatives, security, disaster recovery, system conversion and infrastructure and technology process reviews.

Sharma's hands-on experience encompasses small de-novo banks to very large national banks where he routinely interfaced with all levels of management in conducting assessments of technology environments and presenting practical solutions for improving operational excellence and compliance. He has extensive experience in working with regulatory agencies, and has helped financial institutions implement cost-effective risk management and compliance programs based on their size and complexity.

"Financial institutions are going through a challenging time," said Sharma. "Compushare has a unique opportunity to partner with community banks and credit unions in managing their technology risks and ensuring cost-effective governance and compliance. Compushare employs a business model that is based on delivering maximum value to our clients in the financial services industry. I am extremely impressed with Compushare's focus on client service excellence that clearly distinguishes us from other providers of similar services in the local and national market space. I am excited to be on board with this fast-growing company and I am confident that we are well positioned to remain the market leader in working with community financial institutions to manage all of their technology risk, compliance and audit needs."

Sharma most recently served as the Director/Practice Lead for RSM McGladrey in their Technology Risk Management Services. Prior to this, Sharma worked for American Express Tax and Business Services as Group Director/Practice Lead, also for their Technology Risk Management Services. Additionally, Sharma's portfolio includes Director of Contingency Services, Development Director of HR/Finance Systems and IT Audit Group Manager at Bank One/First Chicago (now a part of JPMorgan Chase & Co).

Sharma received his Bachelor of Technology degree in Electrical Engineering from Indian Institute of Technology in Kanpur, India. He holds a Master of Science degree in Industrial and Systems Engineering from the Illinois Institute of Technology in Chicago, and a Master of Management in Accounting, Finance and Economics from Northwestern University in Evanston, Illinois.

About Compushare

Compushare, Inc., a California Corporation headquartered in Orange County, is a Financial Technology Management company that enables community financial institutions to focus on their operations, franchise value and safety. Their expertise and CIOTHiNK! business approach toward technology performance and compliance assures strategic success. Founded in 1995, Compushare provides technology services and compliance services on an outsourced basis that address business concerns in Strategy, Safety, Soundness and Support. For more information, visit www.compushare.com.

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