Hedge Fund Focus

NEW YORK - May 25, 2010 – Netik LLC, a Symphony Technology Group (STG) company, and a global leading provider of financial data management and reporting services and products, announced today its expansion in the Asia Pacific region with the appointment of Ishan Manaktala as its managing director and head of Asia. He will sit on Netik’s executive management team reporting to Rob Flatley, CEO and President of Netik LLC.

Manaktala will assume responsibility for transforming Netik India so that it can service all aspects of the financial services information management value chain. Based in Bangalore, Manaktala will manage Netik’s Information Service group in India and build Netik’s operations in the Asian Pacific region.

“This is the first key hire in driving the future development of Netik’s goal to be the number one provider in information services to the financial community,” said Flatley, who recently came in as CEO and President of Netik LLC. “A big part of that strategy is to increase the sophistication, depth and scope of what Netik produces from its Bangalore based organization.”

Previously, Manaktala was a director and the global head of analytics for Deutsche Bank’s equities unit in New York. Prior to that, he worked for Quantitative Solutions Group and Russell Investment Group.

Manaktala holds a Master of Science degree in Finance from Bentley College, MA and a dual Master of Business Administration degree from Columbia Business School, NY and London Business School, UK.

About Netik

Netik is a leading global provider to the securities industry of financial data management and reporting services and products. Netik’s data management products, include Netik Global Securities Master, Netik GSM℠, a reference data managed service, Netik InterView™ a data warehouse for the storage of holistic financial data and Netik Information Portal℠ 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.

For more information please visit www.netik.com.
Netik media inquiries:
Paul Bowhay / Claudia Coleman Tel: +44 (0)20 7438 1100
netik@cognitomedia.com

About Symphony Technology Group

Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformative expertise to enable its companies to deliver maximum value to their clients to retain and attract the best talent and to achieve best in class business performance. All STG companies are expected to grow through innovation. STG’s current portfolio consists of 10 global companies.

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