Vestmark Portfolio Modeling and Order Management Modules Expands Within Citi's OpenSMA(TM) Operations Servicing Platform

WAKEFIELD, MA--(Marketwire - September 23, 2008) - Vestmark, the leading innovator in the managed accounts platform solutions market, today announced that Citi's Securities and Fund Services division has enhanced its Investment Administration Services OpenSMA operations outsourcing platform by adding Vestmark's portfolio manufacturing modules. The primary drivers in activating the modules were Vestmark's unique capabilities to support fixed income portfolios, trading in ADRs, robust portfolio modeling and tax management, as well as the increasing customer demand for Vestmark technology.

"Vestmark's portfolio manufacturing and order management modules offer a robust, scalable and interactive solution to portfolio managers, traders, and operations personnel," said Andrew Clipper, Director of Product Management for Citi Investment Administration Services. "We are pleased to offer these additional features to our clients -- fully integrated with our existing Vestmark modules for portfolio accounting, reconciliation, reporting, and business process management and workflow."

Vestmark's portfolio manufacturing capabilities include innovative model management and trade generation capabilities for different asset classes, including unique fixed income features, which allow managers to create characteristic-based model portfolios. Vestmark automatically incorporates client restrictions, account flows, tax management, and wash sale rules to efficiently implement investment decisions across tens of thousands of accounts. Vestmark's trade order management capabilities include trade block management, automated, rules-driven trade rotation, trade status monitoring and audit trail from trade creation to execution and allocation.

"We are very pleased to be working with Citi, a leader in the marketplace. Citi has gained significant traction in the operations outsourcing service provider market with a platform built with some of Vestmark's best technologies," said Rob Klapprodt, President of Vestmark Software.

About Vestmark

Vestmark is a full service investment technology provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, increased operational efficiency, and compliance for its customers. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based platform providing complete functionality and connectivity to support the innovation in managed account products and the growth of the managed accounts industry. Vestmark is headquartered in Wakefield, Massachusetts with offices in Oakland, California; Cambridge, Massachusetts; and Jersey City, New Jersey. For more information about Vestmark's managed accounts platform solutions, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information: Contact: Rob Klapprodt President Vestmark Software +1 (781) 224-7845