Norkom Appoints David Dixon Managing Director of Global Solutions

Norkom Technologies today announced that David Dixon has joined the company as Managing Director for Global Solutions. A pioneer in applying professional risk management disciplines to combating fraud in financial institutions, Dixon will lead Norkom’s development and delivery of solutions that enable banks to deal with sophisticated fraud attacks that can strike at several levels of the bank and originate from multiple sources and regions.

Dixon joins Norkom after a year as Director of Fraud and AML Solutions in BearingPoint’s financial services practise. Before that he spent ten years at Bank of Montreal, where he established and ran the bank’s Fraud Containment Strategies Group. He also played a key role in developing and implementing the programme that helped the bank fulfill its Basel II operational risk requirements. Prior to his tenure at Bank of Montreal, he spent three years with the global risk management practise at Ernst and Young.

“Financial institutions are facing a number of challenges in fraud and risk management,” Dixon remarked. “We are now seeing global fraud, directed by organised crime groups, that has resulted in attacks at levels that we have never seen before. To combat this onslaught, managers have to be armed with correct and timely information and have the capability of reacting swiftly.”

Dixon will work with customers throughout Norkom’s global base of Tier One banks and financial institutions, assisting in the ongoing evolution of fraud and risk management strategies. He also anticipates extensive involvement with Norkom’s engineers and product development teams to ensure that the company’s technologies remain aligned with clients’ evolving business requirements.

“We’re very happy that David has joined Norkom,” said Norkom’s CEO Paul Kerley. “He is well known to many of our clients around the world and is recognised for his expertise in managing risk and combating fraud. He is a welcome addition to our already strong team of experts who are developing the next generation of strategies and programmes that will enable banks to operate efficiently and safely in today’s global economy while remaining in compliance with all applicable laws and regulations.”

Dixon holds a bachelor’s degree in economics from Laurentian University and a master’s degree in economics and organisational development from McMaster University. A frequently sought speaker on operational risk, fraud risk management, and anti-money laundering strategies, his recent presentations have included:

 • “An Enterprise Approach to Financial Crime and Compliance,” keynote address to Central European Financial Services Risk Management Session in Prague, 2007;

• “Fighting Financial Crime,” keynote to New York Risk Management Session, 2006;

 and

• “Build an Infrastructure Strategy to Manage Fraud and Compliance Risk,” address to Benelux Risk Management Session in Brussels, 2005. Dixon will be the expert speaker at the Financial Times Fraud Conference at Brewery Lane, London, on 12th June 2008. For more information, please email events@norkom.com.