Board Change

RNS Number : 8477L

First Derivatives PLC

13 May 2010

 



First Derivatives plc

("First Derivatives" or "the Company")

Board Change

First Derivatives (AIM:FDP.L, IEX:GYQ.I), a leading provider of software and support services to the financial services industry is pleased to announce that the Company has appointed a new Chief Operating Officer (COO), Adrian Toner. Adrian has served as non-executive Director of First Derivatives since November 2005.

Adrian has over 16 years experience working at a senior level within financial services. Since 2000 he has been Head of Allianz operations in Northern Ireland and in 2007 assumed additional responsibility for distribution strategy and marketing activity for Allianz's Irish business.  His experience in leadership and the successful delivery of corporate strategy will make his appointment a further strong addition to the executive team of First Derivatives.

There is no further information required to be disclosed in respect of the above mentioned board change under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies and the IEX Rules for Companies.

Chief Executive Brian Conlon commented: "Adrian has played a valuable role as Non-Executive Director over the past five years and we are delighted he will now be taking up an executive role on the Board.  First Derivatives is entering an exciting phase in its development and we look forward to Adrian contributing to the continuing growth of our business."

Enquiries:

First Derivatives plc	Tel.      [phone]
Brian Conlon, Managing Director	Web.    www.firstderivatives.com
Graham Ferguson, Finance Director
Charles Stanley Securities	Tel.      [phone]
Nominated Advisor
Russell Cook
Carl Holmes
Goodbody Stockbrokers	Tel.      [phone]
IEX Advisor
Diane Hodgson
Linda Hickey
Finbarr Griffin
ICIS Limited	Tel.      [phone]
Financial PR
Tom Moriarty
Caroline Evans-Jones
Fiona Conroy

Stakeholder Communications PR - Ireland Carl Whyte John Hart

Tel.        + 44 (0) 2890 339949

About First Derivatives

First Derivatives is a global provider of software and consulting services to the financial services industry. With almost 15 years experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets.

First Derivatives currently employs over 450 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

 

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