Industry Veteran Michael Versace to Head IDC Financial Insights’ Global Risk Management Advisory Service

FRAMINGHAM, MA – November 3, 2010 – IDC Financial Insights today announced the appointment of industry veteran Michael Versace to Research Director, Global Risk Management. In this role, Michael will lead the firm's research initiatives in the area of Global Risk Management. The Global Risk Management Advisory Service research helps financial institutions make mission-critical decisions on their investments in a variety of risk technologies and services, and advises providers on successful strategies for product development, market entry, and penetration.

Mr. Versace joins IDC Financial Insights with thirty years in the Financial Services market. Mr. Versace's experience spans roles within both the private and public sector, including senior positions with the Federal Reserve — where he served with the United States Treasury Financial Management Services –Fidelity Investments, BayBanks, and Bank of New England. In addition, Mr. Versace has an extensive consulting background with firms such as ZEFER/Niteo Partners, NEC Global Services, the Financial Services Technology Consortium, and Coopers and Lybrand (now PwC).

Most recently, Mr. Versace was a Partner and Principal Research Contributor for The Wikibon Project, where he provided business development and research for information management, governance and risk virtualization and cloud computing, and security strategy. He is a two term Chairman of the International Organization for Standardization (ISO) Technical Committee on Information Security in Financial Services. He also is a Certified Information Security Professional (CISSP).

Upcoming research topics will address the issues that are critical to the success of risk programs throughout the financial services enterprise, including risk IT spending, emerging requirements for asset liability management, architecting for effective enterprise risk programs, and essential technology and data strategies to meet global regulatory requirements.

"The addition of Michael to the IDC Financial Insights team will extend our coverage of risk management within the financial services market and provide our clients access to an experienced executive with an exceptional track record in the fields of risk management, information security and services," said David Potterton, Vice President, Global Research, IDC Financial Insights. "His background and experience will help our clients make strategic decisions to effectively manage and compete in today's challenging financial services environment."

For additional information about IDC Financial Insights, please contact Sarah Murray at 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.

About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. IDC Financial Insights is headquartered in Framingham, Massachusetts. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-fi.com [http://www.idc-fi.com], email info@idc-fi.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial [http://idc-insights-community.com/financial].

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