Trema appoints new executive vice president for the Americas; BearingPoint managing director Jeffery J. Struzenski named to spearhead company's growth in the Americas

Business Wire,  Nov 7, 2005  

Tags: BearingPoint Inc., Trema

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BOSTON -- Trema, the leading provider of treasury and asset management software, has appointed Jeffery J. Struzenski as executive vice president and general manager of the Americas. In his new role reporting to the CEO, Struzenski will focus on raising awareness of the brand across the region, developing the company's alliance strategy and increasing revenues.

Struzenski moves to Trema from his role as managing director at BearingPoint, where his responsibilities included all sales, marketing and alliance activities for Global Energy and Consumer Markets. With a decade of experience in a key management role, Struzenski is recognized for delivering consistent results while building a winning team at the consulting firm.

Trema is widely recognized for its ability to deliver innovative system solutions within the treasury arena, particularly within the Eurozone. The company has a strong foothold in the Americas with a blue-chip customer base that includes GE Capital, Lucent Technologies and Cemex. The appointment of Jeffery Struzenski as executive vice president follows the recent acquisition of middle-market provider Richmond Software, the release of version 7 of The Trema Suite and attainment of three Treasury Management International (TMI) 2005 Awards for the Richmond Suite - Best Cash Management System, Best ASP and Best Client Support Service.

Commenting on his appointment, Struzenski said, "Having worked closely as an advisor and partner to CFOs and CEOs, I know that this is a time of tremendous challenge and opportunity for the treasury market. Trema has an exceptional reputation and the right set of solutions to meet customers' needs across the globe. I'm looking forward to bringing my customer relationship management skills and partner expertise to the fore to help Trema to grow its customer base and increase its market share within this key region."

"Jeff's extensive experience in matching problems with solutions at the most senior level will be crucial for accomplishing Trema's strategic goals to build partnerships and expand our presence in the Americas," said CEO Michele Fitzpatrick. "The American market is a clear area of growth for us, and he has exactly the right mix of local knowledge, alliance building record and results-driven attitude that will drive our business forward in this market."

Notes to Editors

About Trema

Trema is the leading provider of treasury and asset management software for corporations and financial institutions. Trema's experts in treasury and asset management are setting a new standard for the industry and are highly focused on adding measurable value to our customers.

Trema is proven at over 250 global blue-chip customers including The European Central Bank, Lucent Technologies, Banque de France, Porsche, GE Capital, ABN Amro, ING Investment Management, Cargill, Merck and Philips. Trema is the system of choice for Central Banks and it manages 80% of the Eurozone reserves.

Trema offers two distinct solutions tailored to respond to the varied needs and operational complexities of today's treasuries:

The Trema Suite(TM) is a versatile treasury & asset management suite that supports the widest range of instruments and functions, in a single integrated, yet open and modular system. It delivers unprecedented ROI by providing companies with immediate visibility & control, and easy compliance throughout the enterprise.

The suite includes five integrated modules: Transaction & Risk Management, Cash Management, Commercial Loan Management, Portfolio & Performance Management and Accounting.

Web-based technology allows the customer to deploy both systems globally and securely via the Internet. Open design and versatile API tools ensure that the systems can be interfaced to other applications such as dealing platforms, market data feeds, banks, ERP and payment and settlement systems.

The Richmond Suite is an efficient corporate treasury solution that is quick to install, easy to use, maintain and yet delivers best practice in one cost effective package.

The Richmond Suite can be deployed on the desktop or over the web and is available in ASP mode. It also comes with a powerful task scheduler which can automate, time, and sequence many workflow processes, including the import or export of data to and from other systems.

Trema is a privately held corporation, which is owned by major institutional investors with a strong track record: Investcorp, The Carlyle Group, ABS Ventures and Norsk Vekst.

For more information please visit: www.trema.com

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