SOURCE: QUMAS

July 10, 2006 08:00 ET

Richard Gibbons of QUMAS Named One of the 100 Most Influential People in Finance by Treasury & Risk Management Magazine

Senior Advisor Recognized for Work as a Leading Risk Visionary

FLORHAM PARK, NJ -- (MARKET WIRE) -- July 10, 2006 -- QUMAS, the leading developer of enterprise governance, risk and compliance solutions, today announced that Richard Gibbons, senior financial services advisor at QUMAS, has been named to Treasury & Risk Management magazine's 100 Most Influential People in Finance.

Treasury & Risk Management tapped Gibbons as a "Risk Visionary Worrying About Much More Than The Trends in Premiums" as part of its Top 100 list.

"Singling out the 100 most influential people in finance each year is probably Treasury & Risk Management's hardest task," noted Pat Wechsler, editorial director. "Gibbons, an ex-regulator himself, is considered one of the top experts on anti-fraud controls management."

At QUMAS, Gibbons applies his financial services expertise in optimizing enterprise compliance, governance and risk management solutions for QUMAS financial services customers. He is a former SEC/NYSE regulator and has been compliance director for Fidelity/NFSC, Banque Paribas, Deutsche Bank and U.S. Trust Company of New York. Prior to joining QUMAS, he was IBM's Associate Partner/SME to the financial services industry. Gibbons is recognized as a foremost expert on AML/Anti-Fraud controls-management issues.

"Richard is a tremendous asset to QUMAS and is an integral part of our financial services business," said Sherwin Uretsky, president of North America at QUMAS. "His knowledge is unparalleled when it comes to anti-fraud issues and he is integral in helping customers navigate the myriad of issues associated with regulatory compliance. This recognition is well deserved."

Treasury & Risk Management, a monthly magazine established in 1991, serves senior financial executives at U.S. corporations by covering treasury news, technology and trends. It offers an insider's perspective of the increasingly fast-paced and complex realm of treasury management.

Treasury & Risk Management's list of the 100 most influential people in finance can be found at http://www.qumas.com/qumas/news/coverage.htm.

About QUMAS

With over a decade of experience, QUMAS is the only global compliance software company offering a complete solution to regulated industries. Recognized as the world leader in Enterprise, Governance, Risk and Compliance, the company has over 250 customer deployments including global leaders such as Fidelity Investments.

The QUMAS solution facilitates an informed, risk-based response to compliance challenges across your business. The QUMAS Compliance Framework channels and focuses resources, providing certainty to your state of compliance as well as meaningful reporting to stakeholders. The result is an optimized closed-loop compliance environment.

The QUMAS QCompliance Suite™ provides an end-to-end compliance solution framework that enables organizations to achieve a continuous state of compliance. QUMAS delivers fully integrated Policy and Procedure definition together with business process enforcement, extensive monitoring and reporting facilities that help organizations improve their overall business performance.

For more information visit http://www.qumas.com.

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