Hassan Suffyan joins Excelian Luxoft from Coutts as a Director & Head of its Wealth Practice in the UK


London, UK – July 17, 2018 – Excelian, Luxoft Financial Services, the financial services division of Luxoft Holding, Inc (NYSE:LXFT), today announced that Hassan Suffyan has joined as a Director & Head of its Wealth Practice in the United Kingdom.

Hassan Suffyan joins Excelian Luxoft’s team in London, having previously spent over five years at Coutts and most recently as a Director in Wealth & Investment Management Delivery. Hassan was responsible for delivering scalability and operational efficiency through enhancements to Investment Management technology, processes and operating model at the Bank. Hassan brings over 10 years of experience to Excelian Luxoft with previous appointments at Ashcourt Rowan (acquired by Tilney), Canada Life and Mitsubishi UFJ Financial Group.

Under Hassan’s leadership, Excelian will continue to build its strategic partnership with Avaloq through a significant increase in local and near-shore functional and technical expertise. Avaloq is a Swiss company which develops and provides software for core banking and, as one of its lead partners, Luxoft develops its solutions and delivers its services from 41 dedicated delivery centres worldwide. Hassan will also leverage Luxoft expertise in Artificial Intelligence, Robotic Process Automation and Machine Learning to help Private Banking & Wealth Management clients unlock the potential of powerful new technologies.

“Excelian is committed to helping clients realise strategic goals through optimising their use of core banking platforms and digital services to ride the wave of digital disruption,” said André Müller, Managing Director & Global Head of Wealth Practice at Excelian, Luxoft Financial Services. “With the acquisition of Unafortis nearly a year ago, Excelian’s Wealth Practice has quickly become a 360-degree partner of Avaloq for both implementation and product development. Hassan’s expertise in finding innovative solutions to complex challenges makes him ideally placed to complement our mission and lead the UK Practice.”

Hassan Suffyan said “Technological innovation and a renewed focused on both distribution and operational agility are at the top of the agenda for executives in the wealth management industry. When it comes to implementation of these trends the right technological approach can ease the transition from inefficient workflows and processes to cutting-edge services that help unlock distribution channels and operational capacity. Excelian is well-positioned to provide the delivery and transformation services that make these changes happen and I am excited to become part of its continued journey in wealth management."

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 12,900 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit www.luxoft.com.

Forward-Looking Statements

This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

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