FOR IMMEDIATE RELEASE

CONFLUENCE WEBINAR EXPLORES THE GROWING COMPLEXITY OF REPORTING FOR FUND ADMINISTRATORS IN EUROPE - AIFMD, MULTI-REGIONAL PROCESSING, AND MORE

May 23rd event features guest panelist Bob McDowall, Director, UbiCap Group Ltd

(Pittsburgh, PA - May 16, 2012) Confluence, the leading provider of automated data management solutions for the investment management industry, today announced a new webinar that will address ways to leverage multi-regional processing models, the scope and scale of The Alternative Investments Funds Market Directive (AIFMD), how fund valuation changes will impact the function and responsibilities of the fund administrator, and more.

The complimentary webinar entitled "European Regulation and the Growing Complexity of Fund Reporting: AIFMD, Multi-Regional Processing and More" will take place on Wednesday, May 23, 2012 at 9:00 a.m. U.S Eastern, 2:00 p.m. British Summer Time. Attendees can register at www.confluence.com/GETCONTROL.

Guest panelist Bob McDowall, Director, UbiCap Group Ltd and former TowerGroup analyst will address the new landscape for fund administrators. He will be joined by Scott Powell, Global Financial Reporting Product Manager, Confluence. The webinar will be moderated by Melvin Jayawardana, who was recently appointed as European Fund Administration Product Manager for Confluence.

Specific topics the panelists will address include:

• The growing complexity of reporting and what it means to funds and their administrators
• The scope and scale of AIFMD
• What AIFMD means to fund administrators
• How fund valuation changes will impact the function and responsibilities of the fund administrator
• Increased controls and management tools required to manage multi-regional operations

"Today's global fund administration leaders must be prepared to address the new and complex operational challenges that are at hand," explained Mr. Powell. "Understanding these challenges, including AIFMD, is of critical importance for fund companies. To achieve success, fund administrators must seek new approaches; end user computing models that rely on manual processes and brittle, error-prone spreadsheets must be replaced with automated best practices for risk control, flexibility and scale."

Confluence is sponsoring this event for fund leaders and administrators, as well as technology managers and technical business analysts.

Journalists who would like to speak with any of the panelists may contact Derek Beckwith, Warner Communications, at 978-526-1960.

About Confluence

Founded in 1991, Confluence is a global leader in fund administration automation. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process—including the collection, creation, confirmation, and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The Unity® platform from Confluence addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit www.confluence.com.

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