PETER WALDEN +852 6275 3324 E-mail: Peter@treasuryerp.

com EXPERIENCE SUMMARY SAP Treasury (TRM/FAM) and financial services (Insurance/Banking) specialist wit h more then 12 years SAP consulting experience with various financial services a nd corporate treasury clients. The last 7 years have been spent as a TRM contractor in the United States, Europ e and Asia specializing in SAP treasury/banking in financial services. Prior to that, Peter worked as a consultant for 6 years with PriceWaterhouseCoopers in th eir SAP Financial Services division which was founded to provide specialized exp ertise to SAP clients in banking and treasury. Before becoming a consultant Peter spent 6 years working with two prominent inve stment banks (Bankers Trust and Macquarie Bank) in various support functions inc luding treasury operations, financial control, risk management and systems. In addition to maintaining technical skills in SAP, Peter is committed to mainta ining his capability to put into practice holistic business solutions based on b est practices. Subsequently he regularly attends professional meetings and confe rences. SUMMARY OF EXPERTISE TRM Transaction manager Transaction manager including money market, foreign exchange, OTC derivatives (i ncl. exotics), listed derivatives, securities (full spectrum), structured produc ts. Core Banking Loans Management Loans taken/given module used to record retails loans given and also structured facilities taken including installment loans (annuity loans, discount based loan s, rollovers, grouping of loans, splitting of loans). SAP Banking Modules SAP banking Profitability analyzer (including Funds transfer pricing), Risk Anal yzer and Asset Liability Management (ALM); Has developed methodologies and imple mented the full SAP product in a Banking environment. In-House Cash Management In house cash management (IHC) and BCA, development of business and technical mo del for in-house cash management center to streamline internal flows and reduce transaction costs through automated internal affiliate netting and cash concentr ation/pooling. Business Warehouse Activation of the custom cubes for TRM, CM and PCA. Development of customized cu bes and multi-cubes. Development of Global reporting strategy and implementation using BW. Credit Risk Monitoring of credit and debt covenant risk limits by trader, counterparty, regi on etc. Market risk management Decision support for interest rate and FX risk, commodity price risk, cash flow and liquidity, treasury unit benchmarking. Reporting for ALM GAP, NPV, Duration, Value at Risk and Sensitivity calculations. Accounting knowledge

Hands on IFRS and USGAAP experience including formal CPA qualifications Hedge Accounting IAS39/FAS133 configuration and effectiveness testing (cash flow and fair value) using SAP hedge accounting solution and parallel valuation areas. Cash Management Cash position/liquidity forecast reporting and modeling. Payments/receipts integ ration / interfacing between SAP and banks/customers, clearing systems, SAP elec tronic bank statements. TRM Upgrades Performed 6+ upgrades including delta workshops, training, functional and techni cal upgrade. Integration SAP treasury to other applications: front office, core banking, market data prov iders, banking partners, clearing systems (e.g., swift). Experience with SAP Dat a Transfer Tool, IDOCs, BAPIS. Financials/Costing FICO (GL, AR, AP, Funds Management, Special purpose ledger, CCA, IO, PCA, CO-PA (including SD and MM integration)) and financial process re-engineering. Quality Assurance Provision of a mid implementation review and quality assurance and post implemen tation reviews for various clients with recommendations for value added improvem ents. SAP Trainer Delivered training in the following courses: FS110 Basic functions in TRM; FSC01 0 Processes in Treasury and Risk Management; AC805 Cash Management; FS210 Loans Management for Financial Services; FS220 Credit Risk Analyzer; FS250 Market Risk Analyzer; FSC120 In house cash att; FS111 Securities; FS112 MM/FX/Derivatives SAP Training SAP Banking Services from SAP 6.0 SIGNIFICANT PROJECTS Client: AIA Insurance, Hong Kong (Oct 09-Apr 10) Role: FAM Solution Architect The project involves implementation of FAM (TRM) to meet multiple reporting requ irements in IFRS, USGAAP and local regulatory reporting. Peter s responsibilities involved QA the design of the FAM solution including integration to New GL using extended coding block. The template was developed in HK with a view to rollout throughout the local Asian subsidiaries. Product coverage included variety of in ternational securities (including vanilla s as well as MBS, ABS) derivatives, mone y market and foreign exchange. Enhancements were developed to meet FAS157 Pricin g and also USGAAP impairment regulations. Client: ABB Grain Adelaide, Australia (Jan 09-Jul 09) Role: Consultant Responsible for delivery The project consists of implementing ECC 6.0 SAP TRM as part of an integrated so lution for trading commodities (physical and paper). Enhancement package 3/4 wer e used and the project included integration between Triplepoint (TPT) for commod ity front office trading) and SAP GTM as part of the analysis and design. Peter

was responsible for the paper solution, which also included design of enhancemen ts/ reports/ interfaces and integration testing across CSL (TPT) and SAP as well as the TRM system configuration setup. Client: OZMinerals Melbourne, Australia (Nov 08-Jan 09) Role: Consultant Responsible for project management and delivery The project replaces integrity with SAP TRM and follows a merger and involves ce ntralizing previously dispersed treasury operations and banking in central treas ury. Products range from typical money market and Foreign exchange to issued bon ds, syndicated debt, commodities derivatives (including hedge accounting) and in terest rate derivatives. Banking is fully automated for STP including the design of an effective cash management solution with back testing to ensure the accura cy of the forecasting model. Client: Telecom Malaysia, Malaysia (Mar 08-Jun 08) Role: TRM SME Treasury Basically a QA and SME role to support local consultants over realization and go live. Troubleshooting and end user testing/training in the Securities implement ation was a key area. Client: Bunge Financial Services (fortune 500) New York Feb 08) Role: TRM Project Lead Global Rollout The project is on behalf of a large US multi national (fortune 500). Peter s mandate was to develop a global template based on best SAP and business pr actices to add business value and roll out to various locations in the Americas, Europe and Asia. Business processes and data definitions needed to be re-engine ered and local differences accommodated in order to provide seamless automated g lobal processing for inter-company trading worldwide. In addition to the transaction manager and loans management functions key functi onality included the following: enhancements to automate loans management functi ons, internal trading cockpit (subsidiaries request trades at real time rate fro m central treasury), in house cash (affiliate netting and payment factory) for i nternal current accounts (BCA), market risk analyzer (real-time Fx position repo rting incorporating bank, vendors/customers and TRM trades), and Business Wareho use for global reporting. Global Trade Management (GTM) was implemented with enh ancements to automate the recording of embedded exposures for subsequent hedging in TRM. An upgrade was performed towards the end of 2007 from ECC5.0 to ECC6.0. Client: Malakoff, Kuala Lumpur (Apr 06) Role: CFM Upgrade and review The client is a construction company in Malaysia. The role was to upgrade treasu ry from version 4.5 to ERP2005. This involved running the business partner and T PM migration and completed the assignment in 1 week including testing and thorou Global Project (May 06-

gh documentation. In addition a thorough analysis of the current functionality w as undertaken and 6 pages of value propositions provided to client (cost Vs bene fits) for implementation in follow up project. Client: Perusahan Listrik Negara (PLN), Indonesia (Dec 05 Role: Senior CFM Consultant-Accenture Project The client is responsible for the electricity supply in Indonesia and has a larg e debt portfolio. The project involved recording over 140 structured loans from the World Bank and other entities; this involved a number of enhancements and wo rkarounds in the loans area. This was in addition to implementing CFM to meet to overall treasury requirements. Peter s role also included advising on a new risk management policy involving hedging and derivatives and using the market risk ma nagement module for decision support. Client: Via SAP to Private Investment and Finance Company (UTSB), Malaysia (May 05 Nov 05) Role: Treasury Re-engineering and TRM Consultant The client consists of a private group of companies, controlled by tycoon T. Ama nda Krishnan, prominent owner of various media and telecommunications interests. The project scope was to use end to end SAP functionally with particular emphas is on both re-engineering to best practice across a large number of companies an d developing models using the TRM analyzer modules for treasury decision support . Key business improvements included automating centralized cash, funds manageme nt and control. The analyzers (market risk, credit and portfolio) were implement ed for internal control, monitoring market risk (market variable based sensitivi ty analysis using NPV and Value at risk) and performance measurement (benchmark yields, portfolio returns etc). Client: Zinifex, Melbourne/Netherlands (Nov 04 Role: Team Lead and CFM Consultant Zinifex (previously known as Pasminco) is a multinational metals mining company with a treasury operation spanning London, Melbourne, Budel (The Netherlands) an d Clarksville (USA). In addition to the usual treasury activities, Zinifex treas ury s operations consist of the selling fixed forward commodity contracts and hedg ing these contracts using LME Futures and FX forwards. The project objectives we re to (i) replace the Quantum system with SAP CFM 1.0 (Financial Services 110 ex tension set) to perform across the board treasury functions; and in particular s upport LME futures (London metals Exchange) trading using the SAP Listed Derivat ives module and (ii) finalize the accounting policy for IAS39 (AASB139) and deve lop the technical solution using SAP under the standard including designation an d effectiveness testing. Client: Bank Simpanan Nasional, Malaysia (Aug 04 Role: Team Lead FICO Blueprint This project was for a Malaysian government savings bank seeking to provide SAP blueprint to implement global financial/logistics best practice for the banking industry. (i) His role in the first phase was to perform the financial process r e-engineering project and provide actionable recommendations based on best pract Oct 04) Mar 05) Feb 06)

ices in the global banking industry; the deliverable included outlining improvem ent opportunities, benchmarking the bank and providing a roadmap to management f or a multi phased business and system implementation projects to modernize the b anks financial, logistic and performance management processes; (ii) The next pha se saw him responsible for guiding the local consultants in development of the d etailed business process and functional blueprint across the SAP FICO modules in cluding FICO and Logistics (including plant maintenance) based on experience in similar SAP banking projects and best practices. Client: Astra International, Jakarta (Aug 04) Role: CFM Upgrade Upgrade from version 4.6 to 4.7 including running the business partner and TPM m igration with configuration of various functionality for parallel valuation area s, review of current functionality and proposals for future corrections and addons. Client: Via SAP to Shanghai Pudong Development Bank (aligned with Citibank), Chi na (Feb 03- Aug 04) Role: CFM Team Lead and Subject Matter Expert SPDB is one of the first banks to list on the Chinese stock market and notably C iticorp is part owner with a strategic alliance. Team lead for the blueprint and realization phases of the project using CFM for securities,money market, foreig n exchange, derivatives and structured loans. This project involved development of an array of enhancement in order to extract data from core banking applicatio ns into SAP where back office processing and accounting occurred including vario us management allocations (e.g., FTP and capital allocations using the regulator y approach). Architecture involved SAP BAPI and middleware (Mercator-Ascential) connecting fr ont office systems, core banking, payments/receipts/reconciliation and external swift clearing systems Also co-developed the business solution for bringing the bank up to date with Basel I and overall IFRS accounting standards. SAP solution for IAS39/FAS133 including FX and interest rate exposures for cash flow and fai r value hedged positions. Client: NSW Department Community Services, Sydney (Jan 02-Apr 02) Role: Treasury and Cash Management Consultant Client operates high volume cash processing centre in central treasury and aimed to achieve seamless paperless processing. Project involved automation of bankin g processes through implementation of SAP electronic banking for centralized tre asury operation. Included auto matching of expected payments and receipts using SAP electronic bank statements and enhancements to achieve increased automation and straight through processing. Client: Toyota Financial Services (Nov 00 - Feb 02) Role: Principal Consultant nt, Loans Management , CFM Treasury, Market Risk Manageme

Toyota is a financing and leasing company operating a domestic and international

capital raising program (issuing bonds and paper) involving active interest rat e, currency, liquidity risk management. Phase1 (a) Core SAP corporate treasury Modules including (TR-TM, CM and Loans ma nagement) using structured notes issues (loans taken module), commercial paper, interest and currency swaps, forwards, futures and options; included automation of cash management and banking. (b) SAP Loans management was used for structured notes issued and also for variety of customer facilities (installment loans, an nuity loans, discount based loans, rollovers, grouping of loans, splitting of lo ans) including retail and wholesale leasing products. Phase 2: SAP market risk management was implemented as the tool to perform asset and liability management covering the entities full balance sheet (including wh olesale debt / bonds and consumer and wholesale leases). Traditional and modern risk management reporting was brought online including Portfolio Duration, NPV, Value at Risk and Structured Scenario analysis. Staff and management received pr actical and theoretical training in the concepts and SAP tools. Retail loans sys tems needs to be integrated with SAP banking applications. Client: Development Bank of Singapore (DBS) (May 00-Nov 00) Role: Principal Consultant - Methodologies and Treasury Systems Integration The project was to design advanced profitability, risk management and costing me thodologies for the bank. Role included the bank wide design of treasury funds t ransfer pricing (FTP) and capital allocation methodologies as well ETL. Activiti es included defining data requirements (based on system requirements for Funds T ransfer Pricing, Capital Allocation and ABM) from treasury systems to facilitate the ETL process for data migration into the enterprise data warehouse. Client: ChinaTrust Commercial Bank, Taipei (Dec 98 - Feb 00) Role: Team Lead/Project Manager - FICO/SEM for Banks The project covered two full life cycles, Peter s role was as project manager for the first and last phases of the project. Was responsible for managing a team of twelve to perform significant process re-design and SAP implementation. The process scope included implementation of best practices in the areas of cost ing, profitability management, and planning / budgeting. System scope included CCA, PCA, SEM-PA, IO, FM and budgeting / forecasting using the CO modules. The d evelopment multidimensional reporting involved developing ETL routines and mappi ng to migrate data including re-interfacing over 40 legacy systems. Client: Zurich Financial Services - Insurance (Jul 98 - Nov 98) Role: Consultant ssing systems Insurance financials, reporting and integrate transaction proce

Rollout of global template from Insurance global head office in Switzerland. Wor ked as a member of the SAP team during the design and construction stages, devel oped the design and functionality based on global template for insurance using S AP including redesign of processes to standardize worldwide. Project included f ull range of FICO modules and integrating with insurance transaction processing systems. Use of CO-PA as data mart for multidimensional profitability reporting and other SAP financials and logistics modules.

Client: Industrial Bank of Japan, New York (Feb 98-Jul 98) Role: Consultant Treasury/ FICO/SEM Banking (Industry Solution Banking)

IBJ (which later merged to form Mizuho) was at this time one of the largest 6 ba nking entities in the world predominantly involved in wholesale banking activiti es. Role on this project was part of the team responsible for developing the det ailed design of financial and performance measurement processes based on leading practices and SAP functionality. The project included implementation of non SAP treasury system and integration w ith the full range of financial processes covered by SAP FICO and SAP SEM Bankin g. The design used systems architecture based on skinny general ledger and compr ehensive performance management system and methodologies. Client: Government Savings Bank , Thailand (Aug 97-Jan 98) Role: Consultant - FICO Role as banking specialist responsible for performing QA of FICO design, dealing with client issues. Later role as integration manager role in the later half of the project involved managing end to end user acceptance testing including inte rfaces and conversions into SAP. Developed bespoke FTP solution as an enhancemen t to SAP FICO. BUSINESS BACKGROUND Employer: PriceWaterhouseCoopers, Sydney (96 -02) Role: Principal Consultant: Employed by PwC in the SAP financial Services/Bankin g department. Further details of projects completed are included in section of t his resume. Prior to becoming a consultant in 1996 was employed by the following organizatio ns: Employer: Bankers Trust Australia (90 -93) Several roles: including treasury accountant, treasury systems analyst: Duties i ncluded supervision of treasury back office and accounting operations preparatio n of internal and regulatory reporting. Risk management reporting and analysis f or equity derivatives trading and arbitrage books. Later served as Treasury Syst ems Accountant, part of the systems accounting team responsible for various spec ial IT projects. Employer: Macquarie Bank, Sydney (94 -96) Role: Treasury analyst: Involved in several notable projects to re-engineer tech nical and business processes in the treasury and capital markets department whic h achieved significant cost savings and efficiencies for the bank. Focus on cust omized systems for treasury products listed (futures/options) and OTC derivative s and securities (bonds) and commodities markets. EDUCATIONAL BACKGROUND AND MEMBERSHIPS Bachelor Business - Accounting (University of Technology, Sydney Australia)

MBA (University of Technology, Sydney Australia) - deferred Member, Australian Society of Certified Practicing Accountants, ASCPA Member, Finance and Treasury Association, FTA