PIC Solutions Continues to Expand Board of Directors

Released on: August 19, 2008, 12:33 am

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Cape Town, 19 August 2008 - PIC Solutions, the leading
specialist credit risk solutions company in the EMEA region, has expanded their
Board of Directors to include Simon Trupp.

Press Release Body: With more than 15 years of credit risk management experience,
spanning originations and account management, predictive modelling, profitability
analysis and strategy development, Simon's extensive experience will provide
industry depth to the Board of Directors.

Simon is currently responsible for the Consulting, Analytics and Predictive
Modelling teams based at the Cape Town head office. Over the past 8 years at PIC
Solutions, Simon has worked on leading-edge analytical and business consulting
projects for the major credit issuers in South Africa and the Middle East. This has
included numerous TRIADT implementations, the implementation and use of profit/value
driven models, the development of provisioning models and multiple new product
developments.

Previously, at Fair Isaac International, he was responsible for developing effective
and profitable account management strategies and the implementation of multiple
statistical portfolio models. He was also responsible for the development of
application, behaviour, attrition and customer scoring projects for a wide-range of
European, Middle East and South African clients. At HSBC Asset Finance, Simon held
the position of portfolio analyst, developing internal scoring systems, portfolio
analysis tools and multiple scorecards for consumers and small businesses.

Simon holds a B.Eng (Honours) from Sheffield University. He is a member of the UK
and SA Institutes of Credit Management, the South African Statistical Association
and the Operations Research Society of South Africa.

Simon Trupp, Director at PIC Solutions, states, "I am honoured by this promotion to
the Board of Directors, especially at such an exciting time. From October we shall
be celebrating our tenth year of service and as one of the earliest employees I have
seen a lot of changes and evolution. At PIC Solutions we realise that we need to
continually innovate and develop new products and services in order to deliver
ongoing benefits to our client base. I look forward to working with this team to
further enhance our worldwide presence whilst continuing to improve our value-added
solutions and services to all of our clients."

Stephen J. Leonard, Chief Executive Officer, at PIC Solutions, adds, "Simon's
invaluable industry experience, wealth of knowledge and strong leadership skills
makes him an asset to the Board of Directors. As we continue to grow from strength
to strength, Simon's strong track record of new product development combined with
his extensive experience in credit risk management best practice consulting and
analytics will be invaluable to us and will contribute greatly to our continued
success."


About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA
region. With offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi, we
deliver integrated analytics, consulting and software solutions to over 150
companies in 30+ countries. We work worldwide with organisations to improve
performance, drive strategies and enhance profitability. Analytics | Consulting |
Software

Cape Town | Dubai | Johannesburg | Manama | Nairobi www.PICSolutions.com

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com


Web Site: http://www.picsolutions.com

Contact Details: Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com

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