CONTACTS:
| Andrew McCaskill
Media Contact for AFS William Mills Agency 678.781.7210 |
Patricia McFeely, AFS
Corporate Communications 484.875.1376 pmcfeely@afsvision.com |
Robert H. Kahn Joins Automated Financial Systems as Managing Director, Global Sales
EXTON, Pa., September 16, 2004 — Automated Financial Systems (AFS-Exton) has named Robert H. Kahn managing director of global sales. In addition to executing the company's sales strategy for the global marketplace, Kahn is tasked with leveraging AFS' leadership role as the provider of choice for end-to-end lending and treasury management solutions at top 100 U.S banks to gain market share in the international arena.
"AFS is the proven leader in the U.S. marketplace and has developed solutions that are in demand globally," Kahn said. "Money center institutions with international ties are looking at technology applications that enable them to work toward increased profitability while managing and mitigating operational risk. Partnering with AFS is a global market institutions first line of defense for bolstering operational efficiency and maintaining regulatory compliance. This position affords me the opportunity to help foster those partnerships and efficiencies."
Kahn has extensive experience in global banking, technology and consulting. Prior to joining AFS, Kahn held management positions with First Union/Corestates Bank (now Wachovia), e-Profile and the German based consulting firm INTERPROJECTS. Kahn spent 18 years leading the global business efforts at First Union/Corestates, acting as a banker for banks by distributing credit and non-credit services. While at INTERPROJECTS, Kahn oversaw projects designed to increase sales and marketing resources, offer strategic thinking and mitigate risk for international financial institutions and corporate clients. Kahn also built Internet banking services while at e-Profile.
"Robert's background and knowledge base will significantly advance AFS' mission to provide the best solutions for profitability and risk mitigation in the world and our commitment to international expansion," said John Shain, president of AFS. "He brings an in-depth understanding of global financial institutions' business needs, best practices, and first hand experience in deploying technology solutions to accomplish client objectives. We believe Robert will play a pivotal role in establishing and executing AFS' strategic direction in global business development."
About AFS
Automated Financial Systems, Inc. provides asset and liability products and services as an Application Service Provider (ASP) delivery through its fully integrated e-business model AFSCommerceT. With more than 34 years of experience in delivering financial services software, AFS is the industry leader in the execution of lending and treasury management solutions for top-tier financial institutions. AFS is the only business partner willing to use its capital and technology to guarantee accretive earnings within each client's business model, both short and long-term creating a no-risk solution. The firm has headquarters in Exton, Pennsylvania and internationally in Vienna, Austria. For more information go to www.afsvision.com.
