IGTB EXPANDS EUROPE TEAM WITH APPOINTMENT OF MIKAEL ESTVALL

Fintech specialist to manage Nordic and Baltic expansion in senior leadership role

Intellect GTB, the organisation behind the world’s first comprehensive global transaction banking solution, has appointed Mikael Estvall to the role of Senior Business Development Manager, Nordics & Baltics.

Mikael joins iGTB from Misys, where he was Nordic & Baltic Sales Manager. At Intellect he will oversee iGTB’s operations throughout Norway, Sweden, Denmark, Finland, Iceland, Estonia,

Latvia and Lithuania. Mikael will be based out of Stockholm, Sweden and would be reporting to Mark Wilson, Business Head, Europe.

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He brings over 25 years’ worth of international experience in financial services, previously holding sales, training, product management, marketing and divisional management roles at

Misys, NASDAQ OMX, Reuters and several fintech firms. His responsibilities have ranged from acting as training manager for Reuters’ kondor+ trade and risk management system, and building the largest electronic trading system for FX swaps, to leading innovation at NASDAQ OMX with initiatives such as OTC clearing of interest rate swaps and related products.

“Mikael’s contribution to the digitisation of FX markets and straight-through processing marks him out as a leading light in the financial technology space, and we look forward to applying his considerable knowledge to our regional operations and ambitions,” saysMark Wilson, Business Head, Europe. The Nordics and Baltics form a key growth market for iGTB,and Mikael’sthorough understanding of these economies and their nuances – including his vital role in launching three exchanges for corporate bonds in the Nordics to help fund SMEs – make him the obvious choice to strengthen iGTB as we seek to enhance our support of banks and their customers throughout the region.”

Mikael originally studied economics, politics and computer science at Uppsala University (Uppsala), before gaining further economics and business management qualifications from Linköping University (Linköping) and IHM Business School (Stockholm).

workforce of more than 4,000 solution architects, domain and technology experts, in major global financial hubs around the world. For further information on the organization and its solutions, please visit http://www.intellectdesign.com/For information on the solutions for global transaction banking, please visithttp://www.igtb.com.

For media related information, please contact:

Gigi Shaw/ NachuNagappan

Europe/ Rest of World

Moorgate Communications/ Intellect Design Arena Mob: +44 (0)20 7377 4999 / +91 89396 19676 Email:[email protected]/[email protected]

For investor related information, please contact:

Praveen Malik

Intellect Design Arena Ltd

Mob: +91 89397 82837

Email: [email protected]

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