David R. Nissen, Former President and CEO for GE Money, Joins IPSA's Board of Advisors

Mar 05, 2009, 15:32 ET from IPSA International, Inc.

NEW YORK, March 5 /PRNewswire/ -- IPSA International, Inc. (IPSA), an international risk advisory firm, is pleased to announce David R. Nissen has joined the firm's recently created Board of Advisors.

Mr. Nissen retired as President and CEO of GE Money in February 2008. During his 27-year tenure with General Electric (GE), he held several key executive management roles including Senior Vice President of General Electric and Director of General Electric Capital Services Inc.

Mr. Nissen's accomplishments are numerous but perhaps his most distinguished is his creation of GE Money. He began with a team of three people in 1993 then grew the bank to over $200 Billion in Assets, with 60,000 employees in 52 countries. GE Money became the second largest business unit within GE and one of the largest financial services businesses in the world.

"The addition of Dave to our board completes a full year of recruiting an extremely talented and diverse group of advisors to assist in the development and execution of an ambitious agenda. Dave's reputation, leadership and intimate knowledge of the banking industry will prove invaluable as we continue our focus on serving the financial services sector. We set out to build a board with specific skill sets and diverse perspectives, Dave represents the final piece to our puzzle and I could not be more pleased to have his counsel," stated president and CEO of IPSA International, Dan Wachtler.

In October 2003, Mr. Nissen was named one of "Ten Retail Banking Heroes" by Retail Banker International. The publication also cited Mr. Nissen as one of ten individuals who helped shape the consumer banking industry landscape during the period covering 1981-2003.

"I am very pleased to be joining IPSA International's Advisory Board. I believe they are well positioned to assist financial institutions during these difficult times. IPSA's experience, talent and existing relationships positions them well in this market and along with the other senior members of the Advisory Board, I am excited about moving this business forward."

The Board of Advisors is tasked with providing advice to IPSA's leadership with respect to matters identified by the executive team including: the Company's operating strategy and activities related to potential Company acquisitions and international expansion plans.

About IPSA International, Inc.

IPSA International, Inc. is an international risk advisory firm which provides clients in the corporate, financial and legal communities with high-end investigative consulting services. IPSA's preferred practice areas are: Anti-Money Laundering, Operational Risk, Due Diligence, Litigation Support and Intellectual Property Protection services.

    Jillian Bernaiche

SOURCE IPSA International, Inc.