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SAP America Invests in Financial Services with New Hires


NEWTOWN SQUARE, Pa. - March 28, 2006 - SAP America, Inc., a subsidiary of SAP AG (NYSE:SAP), today announced a series of executive appointments to expand and enhance its financial services division. The executives will report to Jim Hughes, senior vice president of SAP for Financial Services, North America. Recently honored by FORTUNE magazine as one of America’s most-admired computer software companies, SAP is a popular choice for workers and customers who consider SAP a safe haven amid the turmoil of consolidation in the software industry.

“We have a strong commitment to provide innovative financial services solutions for our customers, and this industry continues to be a strategic priority for SAP America,” said Jim Hughes, senior vice president of Financial Services. “Financial services software experts see SAP as the force driving the industry, especially in the North American region. Our expanding team provides a comprehensive portfolio of banking and insurance industry knowledge to the marketplace.”

The recent appointments to SAP’s financial services division include:

* John Burke, vice president of Insurance Solutions, heads the North American Insurance Solutions division, where he is responsible for integrating the pre-sales and industry principal teams for the North American insurance market. He joins SAP from Siebel, where he served as an insurance vice president and general manager. Burke’s 22 years of insurance industry experience originates from positions held at Oracle, The Travelers Group and Progressive Insurance.
* Edward Chick, vice president of Banking, Leasing and Capital Markets for North America, leads the sales team. He joins SAP from Siebel, where he served as a regional sales manager for financial services. Chick brings more than 20 years of international experience in sales, marketing and business development.
* Steve Hancock, insurance industry principal, has 22 years of insurance industry experience, including posts at Computer Sciences Corporation, where he led strategy, development and sales support of the claims management solutions.
* Patrick Miller joins SAP as insurance industry principal. He joins from the Chubb Group of Insurance Companies. Miller has more than 15 years of insurance experience in operations, policy management, customer service, strategic marketing and partner integration.

For more information about SAP applications for financial services companies, please see: and

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