April 27, 2010

Press Release

Guardian Holdings Maintaining Standards, Managing Risks and Compliance with BWise GRC platform

New York, NY and ‘s-Hertogenbosch, Netherlands, April 27, 2010 – BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that Guardian Holdings Limited (GHL) has chosen BWise as its enterprise GRC platform solution. Guardian is the holding company for a large international financial services group that provides life, health, property and casualty insurance, pensions and asset management. It operates in more than 20 countries in the English and Dutch speaking Caribbean.

Improved control on operational risk management
GHL purchased the BWise GRC platform primarily to assist it with its enterprise risk management initiative. Consultants are working with the company to better define its risk management methodology and framework. Once defined, Guardian will use BWise to embed the framework in all its different entities, to assist in continually assessing its enterprise risks and aid with adhering to regulatory compliance.

Adhering to regulatory compliance
Since it operates in and across many nations, GHL must comply with a myriad of regulations. The BWise solution will aid in standardizing and improving the management, controlling and consistent monitoring of GHL’s regulatory compliance programs. Paul Traboulay, GHL’s Group Chief Risk Officer, said, “BWise presented a unique solution for Guardian. Not only will the BWise enterprise GRC platform aid us on a day to day basis with our enterprise risks and our compliance, but it will also assist us in finding and creating further ORM and compliance efficiencies in the future.”

Better transparency
Group CEO Jeffrey Mack added, “The BWise GRC solution appears to be up for the challenges that we have presented; assisting us with our enterprise risk, our compliance initiatives and upholding the core values of our company. Guardian has a strong commitment to timely and honest communication and uncompromising integrity, quality and service to our clients. With the assistance of BWise we will manage our risks more efficiently and provide even better transparency and communication to our stakeholders.”

Robert Pijselman, BWise CEO, said, “BWise is honored to welcome Guardian Holdings as a customer. We believe the BWise platform is an ideal solution to assist Guardian Holdings to continue to affirm and uphold its excellent standards.”


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