(openPR) - Frankfurt & Luxembourg, 20 May 2008 – FERNBACH-Software, a leading provider of software solutions for Enterprise-wide Value and Risk Management (EVRM), appointed Ulrich Brunett (49) as the new Country Manager for Germany on April 2008.

Ulrich Brunett, who has a degree in business administration, was formerly engaged in consulting, sales, marketing and management in renowned national and international IT and software companies. His last position was in management at SunGard where he was responsible for market cultivation and sales strategies in German-speaking countries.

The new Country Manager will be in charge of business in Germany for FERNBACH-Software AG, including the organisation and expansion of the existing customer base. The key element of the FERNBACH product range is the FlexFinance® Product Suite which encompasses the bank management modules IFRS, Basel II, Profitability, Liquidity, Margin Optimiser, Regulatory Reporting as well as the lending solution, Loan, for the front and back office.

'The position of Country Manager Germany at FERNBACH-Software AG is a particularly big challenge for me since the company is on an impressive road to success and many well-known names rank among its customers. My objective, therefore, is to continue the positive business development in Germany and to further improve the quality of our products,’ commented Brunett.

FERNBACH customers in Germany also include large banks such as Commerzbank, which uses the products, FlexFinance® IFRS and ALM, as well as Deutsche Bank where the FERNBACH credit solution, FlexFinance® Loan, is in operation.

‘Ulrich Brunett has been employed in various positions in the financial sector for more than 15 years. That’s why he’s the ideal candidate for us – he knows our customers’ needs and market requirements exactly. We are quite certain that our customers will benefit from his broad range of experience,' stated Günther Fernbach, CEO at FERNBACH, with confidence.

For more details please contact:

FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach

Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310

About FERNBACH:

FERNBACH has developed the solution offering FlexFinance®, which is based upon a sophisticated methodology called EVRM. EVRM is a vision and a solution for the integration of risk management, risk and regulatory requirements, balance sheet reporting and controlling within financial institutions.

The EVRM methodology is built upon a meta level data repository which collects all data from the banking and trading books and stores this centrally while simultaneously standardising and enriching the data. This centralised meta repository of financial transactions guarantees single calculation of all financial ratios ensuring perfect alignment and reconciliation so that the data can be used for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The entire process is transparent and fully auditable as uniquely the data can be traced back to the deal level. This advanced approach also enables the bank to cost-effectively implement new requirements as they occur such as ICAAP.