Fundtech Appoints Edward Ho President and COO

Global transaction banking solutions provider Fundtech has appointed Edward Ho as president and chief operating officer. Founded in 1993, Fundtech was acquired in 2011 by Chicago-based private equity firm GTCR.

PRESS RELEASE

Fundtech, a market
leader in global transaction banking solutions, today announced that
Edward Ho has joined the company as President and Chief Operating
Officer. In his new role, Mr. Ho will be responsible for driving the
continued growth of Fundtech, and enhancing its market leadership in
transaction banking. He will be responsible for all operations of the
company globally, and will report to Reuven BenMenachem, Fundtech’s
CEO. Mr. Ho will also join Fundtech’s Board of Directors. Mr. Ho
succeeds Michael Sgroe, who will be leaving Fundtech to pursue new
business opportunities.

Mr. Ho has extensive global experience in the financial technology and
banking industries. Prior to joining Fundtech he was Executive Vice
President and General Manager of the Capital Markets division at Misys,
the world’s largest provider of banking, treasury, trading and risk
management software solutions. As leader of the division for nearly 9
years, Mr. Ho oversaw significant double digit growth through both
organic growth and acquisitions, and eventually grew the division to
the largest in the company. Prior to joining Misys, he was the CEO and
President of IQ Financial Systems, a developer and marketer of
commercial lending and risk management systems which Misys acquired in
2004. He also spent 13 years with Bankers Trust and subsequently
Deutsche Bank (which acquired Bankers Trust in 1999) as an investment
banker. Mr. Ho holds an M.B.A. in Finance from The Wharton School of
Business, University of Pennsylvania and a B.A. from Columbia College,
Columbia University.

Reuven BenMenachem, Fundtech’s CEO, said: “We are very pleased to
welcome Ed, a skilled and accomplished business leader, to our board
and senior management team. His proven leadership building global
technology companies, and driving operational excellence, will be a
welcome addition to our leadership team as we position ourselves to
achieve Fundtech’s strategic business and growth objectives over both
the short- and long-term.”

Mr. Ho commented: “I am honored to join Fundtech in a senior leadership
role as the company positions itself for the next stage of strategic
growth. As a leading player in a growing market that is being propelled
by technology innovation, geographic expansion and regulatory change,
the company is well-positioned to solve customers’ complex and unique
challenges through innovative products, deep industry expertise and a
strong commitment to service. I look forward to working with the board,
the management team, and Fundtech’s talented team of employees to
continue to grow Fundtech’s market share and build a strong,
operationally sound and customer-focused organization.”

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions
to banks and corporations of all sizes around the world. As a strategic
supplier, our clients benefit from lower operating costs and an
enhanced end-user experience through our integrated and feature-rich
solutions. Our major product lines are: global and regional payments,
corporate cash and liquidity management, financial messaging,
electronic invoice presentment, supply chain financing, remote deposit
capture, merchant services, credit card gateway and mobile banking
products. Fundtech offers its software through a traditional software
license and a Software-as-a-Service (SaaS) contract. We operate
Fundtech Connect, one of the world’s largest services bureaus that
addresses the unique needs of the financial services industry.
Thousands of financial institutions and companies worldwide rely on
Fundtech’s innovation to improve operational efficiency, increase
revenues, and provide greater competitiveness through
business-to-business services. Founded in 1993, Fundtech was acquired
in 2011 by GTCR, a Chicago-based private equity firm.

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