Kanbay Appoints Roger Van Scoy Head of Credit Services and Banking Domains
ROSEMONT, Ill., July 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- Kanbay International, Inc. (Nasdaq: KBAY), a global IT services firm focused on the financial services industry, today announced the appointment of Roger Van Scoy to Managing Director with responsibility to lead Kanbay's Credit Services & Banking domain initiatives. In his new role as one of Kanbay's global domain leaders, Mr. Van Scoy will manage all Kanbay activities in these two areas as well as contribute to Kanbay's businesses in Europe, Middle East and Africa (EMEA).
Most recently, Mr. Van Scoy was an executive director at Savantor, a financial services consulting firm specializing in the transaction processing industry. Prior to Savantor, he served as Managing Director for TSYS Europe, a global payments processing leader where he oversaw the launch of the TSYS business in Europe which included the conversion of over 11 million credit and commercial card accounts for six banks, the establishment of a client service center and data center and the development of new business in the UK, Ireland and on the European continent. Mr. Van Scoy has also held executive positions at both First Data Corporation in the USA, Asia and Europe and at EDS where he was responsible for the credit card issuing unit that provided processing for the GM Card for Household Finance.
"Roger's 30-year career in the financial services industry equips him with tremendous experience in credit management and transaction processing for both commercial and consumer markets," said Raymond Spencer, Chairman and ceo of Kanbay. "His leadership will be an asset in guiding Kanbay to maximize our industry expertise with the emerging growth in the EMEA markets. I am delighted to welcome Roger to the Kanbay family."
"I am pleased to be joining Kanbay which has established its reputation as a center of excellence for delivering business and technical solutions in the financial services industry," said Mr. Van Scoy. "I am impressed by the overall dedication to our clients and high-value work that pervades through every level of the organization and across each geography. I have no doubt that this dedication will continue to fuel client satisfaction and Kanbay's growth well into the future. I look forward to supporting Kanbay in realizing these global opportunities."
About Kanbay International, Inc.
Founded in 1989, Kanbay International, Inc. (Nasdaq: KBAY) is a global IT services firm focused on the financial services industry. With over 4,000 associates, Kanbay provides its services primarily to banking institutions, insurance companies, credit service companies and capital markets firms. The company uses a global delivery model to provide application development, maintenance and support, software package selection and integration, business process and technology advice, and specialized services. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in the U.S., Canada, U.K., Australia, Hong Kong, Japan, Singapore and India.
Forward-Looking Statements
This press release may contain statements, which are forward-looking statements under the federal securities laws. Any forward-looking statements represent our views only as of the date of this press release, and such forward-looking statements should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this press release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
