CB.Net Reference Data

CB.Net appoints new chairman to support international growth

Senior Appointment Strengthens CB.Net's Position as Leading Provider of Optimal Payments Reference Data Services

London, 13 February 2007 - CB.Net, an international data solutions company dedicated to the delivery of payment reference data, today announced the appointment of Tim Boyce, as chairman. Boyce, who has held a string of high-profile City roles, will oversee CB.Net's business operations and build on its reputation as an innovative provider of outsourced reference data

Boyce was formerly a non-executive director of CB.Net. He has previously held roles including global head of equities group for ABN Amro, chief operating officer for the Asia Pacific region at Soci‚t‚ G‚n‚rale and finance director at W.I.Carr. CB.Net's former chairman, Phillip Horsnall, remains on the board as a non executive director.

Tim Boyce, chairman, CB.Net, comments: "The benefits of outsourcing international payments reference data are proven - streamlined payments processes, improved Straight-Through Processing and significant cost savings for banks and corporate organisations. We intend to ensure CB.Net's Payments Reference Data Services (PRDS) remain at the forefront of the reference data revolution and are looking forward to strong growth in 2007."

Ian Dunning, managing director, CB.Net, adds: "Tim has considerable industry and management expertise and his appointment strengthens our position as the most effective provider of outsourced reference data. With regulatory changes and improved technology impacting payments management it is an exciting time for the industry and for CB.Net. We will continue to develop and expand our product offerings globally and to build our partnerships with the leading players in this space."