NorthStar Names Industry Veteran Byron C. Vielehr President & COO and Announces Expansion of New York Operations Global Technology Executive Strengthens NorthStar's Executive Team SAN FRANCISCO, Oct. 19 /PRNewswire/ -- NorthStar, a leading provider of enterprise wealth management and asset management technology solutions, today announced that Byron C. Vielehr has joined the company's executive team as President & COO. Byron was previously with Merrill Lynch (NYSE:ML), where he was Chief Technology Officer, Merrill Lynch Global Private Client, and was responsible for leading the technology efforts for the global retail financial services business with $1.3 trillion in asset under management (AUM). "Byron is the ideal executive to lead NorthStar to the next level and expand NorthStar's wealth management technology leadership to drive significant growth," said Robert Zangrillo, Chairman & CEO, NorthStar. He knows our company. He knows our offering. He knows our customer's requirements. He knows our market. His proven record in building and growing built-to-last multi-billion dollar global platforms in the financial technology market is unrivaled. Byron is highly experienced in leading and motivating worldwide teams and in ensuring the highest levels of financial technology deployments that will insure our clients' success. He is the perfect addition to strengthen NorthStar's executive team. I have had the opportunity to partner with Byron over the last three years and I could not be more pleased that he has decided to join NorthStar." "NorthStar is the best positioned enterprise software company with the strongest platform in the wealth management and asset management technology market with a very significant opportunity for growth," said Byron Vielehr. "Bob Zangrillo is one of the industry's most successful entrepreneurs with a tremendous passion for business innovation and customer success. Over the past 3 years, Bob has clearly built a strong industry-leading company, poised to take the next step. I am excited to work closely with Bob and NorthStar's extremely talented team to expand the company's early market leadership to the next level of growth and maturity." NorthStar also announced the expansion of New York operations to better serve their growing global client base. "Byron will lead our New York operations, including solutions, global accounts, professional services and our Client Success Office. Byron's leadership and experience will provide our growing client list with the commitment that all of our technology deployments will result in significant return of investment and success for our clients," said Robert Zangrillo, Chairman & CEO, NorthStar. Byron Vielehr has over 17 years of experience leading technology projects from planning to deployment at the largest financial services firms. He was most recently the Chief Technology Officer for the Global Private Client Group, with $1.3 trillion in AUM, at Merrill Lynch where he was responsible for an organization of over 2000 employees, consultants, and offshore developers. Earlier at Merrill Lynch, Byron worked as Global Head of eBusiness & CTO for Merrill Lynch Investment Managers (MLIM), a $550 billion global asset manager. At MLIM, Byron managed global technology and eBusiness, where he was responsible for all front, middle, and back office platforms deployed across five continents and managed the P/L for the global eBusiness segment. Prior to joining Merrill Lynch, Byron was the head of eBusiness and Vice President for Strong Capital Management, a $45 billion Mutual Fund Complex (eighth largest direct marketer of funds). About NorthStar NorthStar provides enterprise-class wealth management and asset management technology solutions to financial services firms, including investment banks, leading brokerage firms, private banks, commercial banks, insurance companies, and asset management providers. Tailored to support the strategic wealth management objectives of leading financial institutions, NorthStar's offering links the firm's full life cycle advisory process -- investor profiling, client prospecting, wealth planning, investment selection & implementation, client monitoring, portfolio reporting and client review -- through an integrated suite of wealth management solutions. NorthStar is backed by venture capital firms Benchmark Capital, H.I.G. Capital, Chess Ventures, Pinnacle Ventures as well as Goldman Sachs, Morgan Stanley, and Merrill Lynch. For more information visit http://www.northstar.com/. CONTACT: Jeff Marinchak of NorthStar Systems International, +1-415-344-6135, or . DATASOURCE: NorthStar CONTACT: Jeff Marinchak of NorthStar Systems International, +1-415-344-6135, or Web site: http://www.northstar.com/

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