Westchester client Quadrant establishes operations in India and the Middle East

LONDON - June 1, 2007

Westchester client Quadrant Risk Management (International) Ltd has established an Offshore Development Centre ("ODC") in Chennai (India) together with regional offices in India and Dubai to cover the Middle East, Africa and the Indian Sub-Continent.

Westchester Associates Limited assisted the company with the negotiations on the matter.

The operations will focus on developing the market for Quadrants’ Enterprise Risk Management (ERM) solutions, including. B2 and SAB2 for Basel II, as well as their SOA (Service Oriented Architecture) based solutions. This move follows Quadrant’s acquisition of US based Ecensity Corporation in November 2006 (where Westchester also acted for the company see November 13, 2006 news release) and is the next step in establishing Quadrant as a global risk management solutions house.

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