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Our board of directors has chosen Brian Gore as FundSERV's next president and CEO. I've known Brian for many years. He's been a strong contributor as a board member since 1997, and was chair when I joined the company in 2001. He was very supportive through my own orientation as president, and certainly understands the company, its structure, its culture and its challenges. I am confident that I will be leaving FundSERV in good hands.
If the first quarter is any indication, 2007 promises to be another busy, productive and successful year for FundSERV. I am pleased to report that our operational and financial performance for the first three months met or exceeded all of our key performance indicators. Our service levels remained high with 100 per cent availability, and our revenues and expenses continued to be favorable to plan.
We recently conducted a Testing Town Hall meeting and are in good shape for the June 11, 2007 standards implementation, ESG v18. A Readiness Town Hall is scheduled for May 3rd to provide customers an opportunity to discuss any last minute issues or concerns with their counterparts. See other articles in this issue for details on ESG v18, as well as the v19 schedule and working groups, which are well underway.
To all of the industry committees and FundSERV staff who are involved with developing and implementing these standards, thank you for your hard work and ongoing commitment. Your efforts play a vital role in our promotion of connectivity, efficiency and confidence within the investment fund industry.
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