Press Release

Wolters Kluwer Financial Services Opens Office in Frankfurt

FRANKFURT – May 19, 2011 – Wolters Kluwer Financial Services, a leading worldwide provider of compliance and risk management solutions for the financial services industry, is strengthening its presence in Germany with the opening of a new office in Frankfurt.

The company entered the German financial services market last November with its first office in Cologne. At the heart of Germany’s financial centre, Frankfurt is a key location for the business’ growth.

“Many of our customers are based in Frankfurt so it was the logical next step to build up a presence here, shortly after our successful launch in Cologne,” said Werner Maislinger, regional sales director, Germany, at Wolters Kluwer Financial Services. “Moreover, we have reinforced our team by hiring two new colleagues and will look to further expand our business in the sector of regulatory reporting through Wolters Kluwer Financial Services’ FRSGlobal business.”

FRSGlobal, which became part of Wolters Kluwer Financial Services in September 2010, is an industry-recognised leader in unified global regulatory reporting and risk management solutions. Together the combined company offers solutions that help compliance, risk and audit professionals manage risk across their organisation and meet regulatory requirements, including those related to Basel III and Solvency II.

Earlier this year, FRSGlobal incorporated reporting for banks operating in Germany into its global regulatory solution. The application was developed to help address the complex reporting processing requirements faced by banks operating in Germany and covers the broad range of financial and transaction reporting requirements they must adhere to.

“The regulatory environment is constantly changing. Therefore, financial organisations have to be able to react fast and flexibly on these changes,” said Hans Willi Hüsch, program manager, Germany, at Wolters Kluwer Financial Services. “By coupling innovative technology with deep compliance and risk expertise, we are able to help our clients in a target-oriented way.”

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

About FRSGlobal

FRSGlobal, which became part of Wolters Kluwer Financial Services in September 2010, is an industry-recognised leader in unified global regulatory reporting and risk management solutions. These solutions, which are enriched with content including pre-defined regulatory reports and stress testing libraries, are employed daily across the globe by firms to meet increasingly complex external (regulatory) and internal (management) reporting obligations.

FRSGlobal solutions are a combination of in-depth content and modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine on a unified platform.