PFPC International Expands Global Business Development

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New Office Opened in London.

These individuals bring a wealth of experience that allows us to better serve clients and prospects, while our new office enables us to provide a more personal and rapid business response to fund companies throughout the United Kingdom and beyond.

PFPC International Ltd. today announced the expansion of its global business development effort with the addition of two senior financial services representatives: Ian Cumberpatch, director, and Tim Jones, vice president. Cumberpatch and Jones operate out of PFPC International's new office in London. Located at 1 Cornhill, in the heart of the city's financial district, PFPC International now offers convenient, local access to its wide array of investor and securities services to London-based investment management companies.

Managing the new office, Cumberpatch brings more than 18 years experience in financial markets to the organization, with a specialization in traditional funds, most recently with LatentZero. Jones is responsible for European alternative investment sales. He joins PFPC International from Beauchamp Financial Technology and has focused on the hedge fund industry for the last seven years.

"PFPC International continues to respond to the rapid global expansion of the fund industry in recent years, through a combination of enhanced products and services and experienced staff and strategic venues," said Bill Salus, executive vice president and head of global business development. "These individuals bring a wealth of experience that allows us to better serve clients and prospects, while our new office enables us to provide a more personal and rapid business response to fund companies throughout the United Kingdom and beyond."

PFPC International Ltd., a subsidiary of PFPC Worldwide Inc., provides accounting and administration for $103 billion in assets. In addition to London, PFPC International Ltd. operates out of Dublin, Navan and Wexford, Ireland; and Luxembourg City, Luxembourg.

PFPC, a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is one of the largest full-service mutual fund transfer agents in the United States and a leading provider of processing, technology and business solutions to the global investment industry. PFPC offers fund accounting and administration, transfer agency, custody and sub-accounting services for 70 million shareholder accounts representing $2.4 trillion in total assets. Visit us at http://www.pfpc.com.

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Rob Tacey
PFPC
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