Senior Executive Management Team Appointed to Kanbay's Growing Managed Solutions Business

CHICAGO--()--Sept. 10, 2003--Kanbay International, Inc. Outsourcing Industry Veterans Bring Diverse Expertise to Expand Kanbay's Application Management and Business Process Outsourcing Offerings for Financial Services Clients

Kanbay International, Inc., a premier integration and managed solutions company focused on the financial services industry, today announced the appointment of three seasoned outsourcing veterans to lead its subsidiary, Kanbay Managed Solutions, Inc. ("Kanbay"). John (Jack) White, David Wood and John B. Hall have joined Kanbay as vice presidents.

Kanbay Managed Solutions, Inc. provides clients in the financial services industry with global delivery options and a mature governance model for application management outsourcing (AMO) and business process outsourcing (BPO). These solutions are specifically designed to minimize risk to customer companies and increase their business performance. White, Wood and Hall each possess deep knowledge of global outsourcing practices and have solid track records in making outsourcing relationships successful, measurable and results-driven. The arrival of these senior executives at Kanbay represents the continued investment that Kanbay has made in its growing outsourcing practice and commitment to outstanding client service.

Jack White - Former 35-Year IBM Executive with Asia Pacific Focus

Jack White joined Kanbay following a 35-year professional career with IBM. Most recently, as the Applications Management Service (AMS) offerings executive for IBM Global Services Asia Pacific, Mr. White was a key member of the senior management staff responsible for building IBM's Asia Pacific AMS Outsourcing practice. His responsibilities included the formation of a business unit that achieved multi-million dollar growth. He brings to Kanbay an experienced global perspective, extensive outsourcing experience and an in-depth understanding of the specific business cultures and customs that drive regional approaches to outsourcing delivery in Asia Pacific and in other countries around the world.

David Wood - Extensive IT and Application Outsourcing Background

David Wood is an accomplished executive with a long track record of domestic and international success in management, P&L, world-class operations, and start-up businesses. He brings to Kanbay more than 25 years of experience in the IT industry, with a strong background in IT outsourcing. Prior to joining Kanbay, Mr. Wood was a principal and vice president at OAO Technology Solutions (Nasdaq: OAOT), responsible for the development and delivery of application outsourcing business within the Mid-Atlantic United States. While at OAOT, he was directly involved in many of the company's largest multi-year outsourcing contracts.

John B. Hall - Top IT Executive with In-Depth Business Process Expertise

John B. Hall has more than 30 years of experience in the IT industry, with a recent focus on the unique aspects of outsourcing IT services and business processes for companies. Prior to joining Kanbay, Mr. Hall was instrumental in building a new application outsourcing business unit at OAOT that grew to more than 700 employees within its first six years. During a successful career in the U.S. Marine Corps, he was selected as one of the Top 100 IT Executives for the Department of Defense. Mr. Hall's extensive process experience complements Kanbay's already mature expertise in business process, and he will enrich this practice area with a greater outsourcing perspective.

"Jack, David and John are key assets to the Kanbay executive team," said Shiraz Patel, President of Kanbay Managed Solutions. "Their combined outsourcing, business process and application management expertise, proven professional track records and innate understanding of client needs are testaments to their success in this industry segment. Collectively, they'll fortify Kanbay's global outsourcing business as we expand further into other geographies, including China," he concluded.

About Kanbay:

Kanbay International, Inc. is a global integration and managed solutions company with a rich heritage in serving the financial services industry. The company's solutions help customers achieve sustainable business success and predictable value with a customer-centric approach to deploying industry innovation, process excellence and information technology solutions. Kanbay's solutions are a combination of bundled and specialized solution sets, industry advancements, process excellence and information technology enablement delivered through a flexible global delivery model at the right cost.

Founded in 1989, Kanbay is headquartered in Rosemont, Illinois. Kanbay also has U.S. offices in Los Angeles and New York; European office in Cambridge; Australian offices in Melbourne, Sydney, Brisbane and Perth; offices in Hong Kong, Japan, Singapore and Canada; plus the Kanbay e-Solutions Center in Pune, India.

Contacts

Outlook Marketing Services
Kristin Fayer, 847-509-3099 Ext. 205
kristinf@outlookmarketingsrv.com
or
Kanbay International, Inc.
Asha May, 978-857-6064
amay@kanbay.com

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Contacts

Outlook Marketing Services
Kristin Fayer, 847-509-3099 Ext. 205
kristinf@outlookmarketingsrv.com
or
Kanbay International, Inc.
Asha May, 978-857-6064
amay@kanbay.com