Appointment of CEO, Software & Online Trading

MDS Financial Group Limited (listed on the Australian Stock Exchange as ASX: MWS) announces today the appointment of Mr Damian Isbister as Chief Executive Officer (CEO) – Software and Online Trading of the Company.

Damian Isbister has been involved within the financial markets since 1998 and has held varying roles within the financial services sector. In addition to the financial markets Damian has an excellent knowledge of the IT industry, in particular web based services and has a special interest in online media and marketing, which has brought a strong supply and distribution dynamic to the team for some time now.

Based in Melbourne since 1st July 2008 Damian has worked successfully as the Group’s Chief Operating Officer through a difficult period for the Group (due both to internal rationalization and the external influences of the Global Financial Crisis) proving that he had the understanding of what it is that the business needs in order to lead the company in the future.

In announcing the appointment today Sean Rothsey, the Group’s Noosa based Chairman said, “I am delighted to announce the appointment of Damian to the newly created role of Chief Executive Officer (CEO) – Software and Online Trading of the Company, effectively replacing me as the senior executive in the Company. Damian has a long history with the Group and has proven himself to become an outstanding leader with extensive financial services experience and as someone who has contributed to the Board (appointed November 2008) and Management policy and has overseen the businesses operations with great enthusiasm and results, Damian is uniquely qualified to lead MDS Financial Group having passion, commitment and youthful exuberance supported by a capable, loyal and diverse team and supplemented by a cohesive, fluid and experienced Board.”

Mr Isbister continued by saying, “I am extremely pleased to take on this new role as CEO – Software and Online Trading of MDS Financial Group. I am very confident about the underlying strength of the Group’s businesses and the potential that exists, I am looking forward to the challenges ahead and especially the release of our new trading platform in late October to further capitalize on the TDO acquisition announced in May”.

Mr Rothsey concluded in stating, “I am now enthused by the ability to act more independently of the day to day operations of the business in a non executive capacity and to concentrate on strategic growth as well as Board Issues."