De La Rue Appoints New Managing Director For North America Cash Processing Operations

Suresh Raina to Head Up the Sales and Service of De La Rue's Cash Processing Solutions to US Commercial Banks, Credit Unions and across the Gaming and Armoured Car Industries

(PRWEB) May 16, 2008 -- Suresh Raina to head up the sales and service of De La Rue's cash processing solutions to US commercial banks, credit unions and across the gaming and armoured car industries.

De La Rue, the world's leading bulk cash handling solutions provider, today announced that it has appointed Suresh Raina to the position of Managing Director for its North American & English Speaking Caribbean, Cash Processing Solutions business (CPS) based at its Dallas office.

With a wealth of global cash processing industry experience and 15 years of cross-functional managerial experience Suresh is ideally placed to drive De La Rue's CPS division forward in the North American & Caribbean markets. Prior to his new role, Suresh was responsible for the CPS operations in South Asia and later in the Middle East and North Africa. During his tenure Suresh launched several CPS products into India, Sri Lanka, Pakistan, UAE, Bahrain, Saudi Arabia, Syria and Egypt, successfully growing the business multi-fold.

The priority items on Suresh's agenda are to build & expand the local team and at the same time, introduce De La Rue's new generation of cash processing hardware and complimentary vault management software solutions (ECM™) to the market. He comments, "De La Rue is the global leader in the cash processing industry and we eagerly look forward to bringing new solutions to the North American market to help customers dramatically improve their cash processing operations. I am excited to be here and to bring our global expertise to our customers to help them manage their cash across their businesses at an enterprise level"

The CPS division offers solutions for managing cash from commercial banks and credit unions to the gaming and armoured car industry, in both the hardware and software areas specifically to enable customers to optimize their cash handling with distinct improvements in the productivity, performance and security in their operations.

Suresh holds a B.E. in Electronics & Communication and an MBA in Marketing and Finance from Rutgers University, NJ.

About De La Rue (www.delarue.com)

De La Rue Plc

Headquarters Basingstoke, UK

Employees 6,000

Shares Listed on the London Stock Exchange, ticker E :DLAR

De La Rue is the world's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, authentication labels and fiscal stamps. The Company is a leading provider of cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. De La Rue also pioneers new technologies in government identity solutions for national identification, driver's licence and passport issuing schemes. De La Rue employs over 6,000 people across 31 countries and is a member of the FTSE 250. Its ordinary shares are listed with the UK Listing Authority and trade on the market for listed securities on the London Stock Exchange under the symbol DLAR.

For further information visit De La Rue's website at www.delarue.com

Editorial Contacts

Graham Thatcher / Spencer Butt

MCC International

T: +44 (0) 1962 888 100

F: +44 (0) 1962 888 125

E: delaruepr @ mccint.com

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