Kevin Hesselbirg Named Primatics Financial CEO

Tue Mar 5, 2013 8:00am EST

* Reuters is not responsible for the content in this press release.

  MCLEAN, VA, Mar 05 (Marketwire) -- 
Primatics Financial, the market-leading financial solutions provider of
loan accounting and valuation solutions, announced today the appointment
of its new CEO, Kevin J. Hesselbirg. Mr. Hesselbirg becomes Chief
Executive Officer effective immediately, bringing with him 20 years of
financial technology and global management expertise at market-leading
technology firms.

    Prior to joining Primatics, Mr. Hesselbirg spent 14 years at OpenLink
Financial, a leading provider of cross-asset trading and risk management
solutions for energy, commodity and financial service companies. During
his tenure at OpenLink, Mr. Hesselbirg served as CFO, COO, and most
recently as CEO, growing the company from less than $20 million in
revenues and 100 professionals to more than $325 million in revenues, a
global team of 1,250 professionals and 500 global customers.

    Remarking on Mr. Hesselbirg's impressive credentials, leadership and
depth of knowledge, Jeff Sant, Umar Syyid and Mike Therrien, co-founders
of Primatics Financial said, "We are excited to augment our leadership
team with Kevin's experience in the financial services technology
industry. Our ability to attract a leader with Kevin's track record and
knowledge reflects on Primatics' potential for continued growth. We look
forward to his leadership and skills in driving and executing on the
strategies that will further enhance Primatics' position in the industry
and further enable us to assist our customers in solving complex
challenges."

    Mr. Hesselbirg said, "I am honored to collaborate with the
entrepreneurial founders of Primatics and to contribute to its continued
growth in the financial services industry. I look forward to forging
long-lasting and meaningful relationships with our customers and
continuing to foster a thought leading partnership amongst our ecosystem
of domain experts, business and customer advisors and user community.
Primatics has proven its ability to create an ambitious,
customer-focused, conscientious and innovative culture, and I look
forward to building on their success and market momentum."

    Charles Rossotti, Senior Advisor at The Carlyle Group and a member of the
Primatics Financial board, said, "Carlyle is excited to partner with
Primatics' seasoned management team and remarkable employees. Our board
is pleased to have attracted Kevin Hesselbirg as our new CEO. Kevin is a
proven leader in the financial technology services industry. We are
confident that he will take the company to the next level of growth and
service to our already impressive customer base, and will build great
shareholder value. I look to his strong leadership, keen insight and
fortitude as the company continues to grow."

    About Primatics Financial
 Primatics is the leading provider of financial
services solutions that enable customers to better process, model and
analyze loan portfolios, comply with accounting and regulatory
requirements and grow their businesses. Through its enterprise-grade
software and proven business advisory services driven by strong domain
expertise, Primatics delivers timely, scalable, automated and controlled
results in today's changing market and regulatory environment. Primatics
is headquartered in McLean, Virginia, USA. For more information visit:
www.primaticsfinancial.com

    About The Carlyle Group
 The Carlyle Group (NASDAQ: CG) is a global
alternative asset manager with $170 billion of assets under management
across 113 funds and 67 fund of fund vehicles as of December 31, 2012.
Carlyle's purpose is to invest wisely and create value on behalf of our
investors, many of whom are public pensions. Carlyle invests across four
segments -- Corporate Private Equity, Real Assets, Global Market
Strategies and Solutions -- in Africa, Asia, Australia, Europe, the
Middle East, North America and South America. Carlyle has expertise in
various industries, including: aerospace, defense & government services,
consumer & retail, energy, financial services, healthcare, industrial,
technology & business services, telecommunications & media and
transportation. The Carlyle Group employs 1,400 people in 33 offices
across six continents. Web: www.carlyle.com Videos:
www.youtube.com/onecarlyle Twitter: www.twitter.com/onecarlyle Podcasts:
www.carlyle.com/about-carlyle/market-commentary 

    

Contact: 
Keyana Corliss
Tel: 703-390-1526
Email: Corliss@merrittgrp.com 

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