Netik Appoints Luke Neicho as Head of Global Business Development

LONDON, October 5, 2010 /PRNewswire/ -- Netik LLC, a global leading provider of financial data management and reporting services and products, announced today the appointment of Luke Neicho to the role of Head of Global Business Development. He will report directly to newly appointed John Mason, Chief Operating Officer of Netik LLC.

Neicho joins from Eagle Investment Systems, a subsidiary of BNY Mellon, where he was International Sales Director, responsible for business development and growing Eagle's client base in the international market.

In his new role, Neicho will focus on extending Netik's business opportunities into its key market areas of delta one trading data, managed reference data services and data warehousing through expanded customer and partner relationships. The role will see Neicho maximizing Netik's opportunities globally across Netik's centers in Asia, Europe, Middle East, South Africa and North America.

John Mason, COO at Netik, commented "This is a significant senior appointment for Netik and we are very pleased to welcome Luke onboard. Luke knows our industry so well and his move to Netik at this exciting stage in the company's development, demonstrates Netik's ongoing commitment to data management and outsourcing. As we move forward, Netik's focus will be on providing a more integrated approach to data management making better use of the data that Netik already provides and Luke's domain expertise and experience make him ideally positioned to help us achieve this."

Neicho has over 25 years experience in providing software solutions to the global financial services industry. He is knowledgeable in all areas of data management within a securities servicing environment, with a detailed understanding of front, middle and back office processes across both buy and sell side organizations.

Neicho joined Eagle in 2002 from GoldenSource (formerly FTI) where he was the Pre-Sales Manager for the EMEA region. Prior to that, he was responsible for front office technology at Commerzbank AG.

About Netik

Netik is a global provider to the securities industry of financial data management and reporting services and products with operations in Asia, Europe, Middle East, South Africa and North America. As a growing and expanding company, Netik seeks to increase the sophistication and caliber of what it produces, as well as provide limitless services that bring together people, product, well-honed process and proven technology in the delivery of leading financial data management.

Netik's data management products include Netik Global Securities Master, Netik GSMSM, a

reference data managed service, Netik Global Index Monitor, Netik GIMSM and Netik Global ETF Monitor, Netik GEMSM, a comprehensive source of index and ETF data, Netik InterView(TM), a data warehouse for the storage of holistic financial data and Netik Information PortalSM to visualize and report on data.

These Netik solutions sit at the heart of investment and securities operations at many of the world's leading Asset Managers, Hedge Funds, Wealth Managers, Private Banks, Prime Brokers, Fund Administrators, Custodians, Investment Operations Outsourcing providers and Investment Banks.

SOURCE Netik