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QuIC Financial Technologies Inc. appoints Doug Woodham to Board of Directors Appointment called “next step in growth” as company continues rapid growth with international client base. Vancouver, BC, September 18, 2006 - Doug Woodham has been named to the board of directors of QuIC Financial Technologies Inc., a global solutions provider for risk management, pricing and financial analytics. Woodham most recently held the position of President of Moody’s KMV and Senior Vice President of Moody’s Corporation, where he had operating responsibility for the credit risk solutions business and corporate responsibility for strategy, corporate development, and technology. Woodham was instrumental in shepherding Moody’s through a period of record revenue, operating income, and share price growth as the number three executive at the firm. During his tenure at Moody’s, Doug led the acquisition of KMV as well as the integration of KMV with two other software businesses owned by Moody’s Corporation. Woodham’s career has included positions as a Partner in the financial services practice at McKinsey and Company, Vice President in the energy trading and finance division of Enron Corporation, and Managing Director of eFinanceworks, a private equity firm investing in early stage financial services companies. Doug started his career as an Economist with the Federal Reserve Bank of New York in 1982 following completion of his Ph. D. in Economics at the University of Michigan. Doug’s academic credentials also include time as a Research Fellow at the Brookings Institute. “Doug’s twenty plus years as an executive in the financial services industry bring an insightfulness and insiders perspective to our board and will be invaluable for us as we continue our market expansion and explore strategic opportunities to accelerate our growth, particularly in North America and in energy markets,” says Nigel Cairns, QuIC CEO. “We are especially pleased to have an individual of Doug’s calibre join our ranks” “QuIC significant growth in the past two years, from signing additional top-tier banks as well as garnering repeat business from its core customer group, validates that the company not only has leading edge technology but technology that works in very demanding operating environments. Couple this with a terrific management team, and you can understand why I am so pleased to be joining Nigel and his investors on the board of QuIC,” says Doug Woodham. About QuIC QuIC is a global solutions provider for risk management, pricing and financial analytics. The QuIC Platform provides speed, accuracy and flexibility for pricing and risk calculations regardless of volume or complexity. QuIC technology delivers scalable, dynamically extensible and user-customizable solutions, by creating a seamless calculation fabric available to multiple recipients throughout the enterprise. The QuIC Product Suite easily integrates with in-house, partner and third-party applications & systems and operates in diverse environments, from a single laptop to large distributed grids. For press information contact: QuIC US/Canada: Derek Shorkey MacLaren McCann +1 604 601 8579 press@quic.com « Back to 2006 News |
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