LONDON, England — DPM Europe Limited, the premier Fund Administrator with USD 18 billion of assets under management, announced today that it was strengthening its London based team with the hire ofRamona Bowry as Relationship Manager. Ms. Bowry will report to Alan Tooker, Managing Director, Head of European and Offshore operations for DPM.

Ms. Bowry�s responsibilities will include supporting and servicing DPM’s European client base. She will also have substantial involvement in marketing DPM�s operations in Europe to hedge funds and related service providers.

Alan Tooker, Managing Director, said, ‘Ramona is a valuable addition to our team and demonstrates DPM’s commitment in providing unsurpassed support and a high quality of service to our existing client base. Her strong experience and background in the hedge fund industry means that clients can trust we have the knowledge and expertise to service their needs in order to further develop their businesses.�

Prior to joining DPM Europe Ltd., Ms Bowry was risk analyst from 2001 – 2003 for Bright Capital, hedge fund trading advisors. At Bright Capital she was responsible for tracking risk in the investment portfolios of a number of structured products and gained an in-depth knowledge and understanding of the requirements of hedge fund managers. From 2001, Ms. Bowry worked for Norwich Union Investment Funds where she was responsible for administering and valuating Norwich Union Funds.

DPM offers a collection of integrated back-office services to fund managers, proprietary traders, institutional investors and asset allocators who invest in a wide range of asset classes and instruments traded world-wide, including the most complex derivatives. Last year, DPM announced a business partnership with Tennyson Capital Partners, the London-based hedge fund advisor. In 2002, DPM announced the formation of a strategic business alliance with Daiwa Securities Trust and Banking (Europe) plc (�DSTBE�), in order to provide administrative services to the Dublin-based DSTBE client group. DPM, established in 1993, currently provides services for approximately USD 18 billion of assets. Headquartered in Somerset, New Jersey, DPM has offices in Georgetown, the Cayman Islands, Nassau, the Bahamas, and London.

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