Greenwich, CT, Dec. 7, 2004—Cambridge Integrated Services Group, Inc., a leading claims and loss cost management company, today announced that Robert J. Fechtmann, C.P.A., 51, has been named chief financial officer, a newly created position, which is based in Greenwich, Connecticut, United States. Fechtmann reports to Tracey Carragher, chief executive officer.

As CFO, Fechtmann oversees financial control and expense management of the expanding international organization, including newly integrated ProcessMind, which provides business process outsourcing (BPO) for insurance, financial services and healthcare industries. On Nov. 30, Cambridge Integrated Services Group, now also a Scandent Group company, had announced that it inducted Scandent Group’s ProcessMind subsidiary, creating one of the largest BPOs, with offices throughout North America, Europe, Australia and Asia, including India.

"Bob Fechtmann is unquestionably the best CFO to expertly direct the financial aspects of our growing international business and our combined global workforce, who are also highly educated and impressively skilled at lowering business costs and improving operational efficiencies—because that is exactly what they do for our customers,” said Carragher. “Cambridge Integrated Services Group’s new CFO has clearly distinguished himself over the past 25 years as one of the most seasoned, accomplished and renown international business executives with a variety of market expertise.”

Instrumental in delivering high profitability margins and driving competitive business performance for international organizations, Fechtmann most recently served as executive vice president and CFO of Draft, Inc., a global marketing communications company, which is the largest direct and promotions agency in the U.S., and is a member company of the Interpublic Group, Inc., (NYSE: IPG), one of the largest conglomerates of advertising agencies and marketing-services companies.

Previously, Fechtmann held other executive financial and treasury positions for Bristol-Myers Squibb Company, (NYSE: BMY), a global provider of pharmaceutical and related health care products; Colgate-Palmolive, (NYSE: CL), a leading global consumer products company, and was an auditor for Arthur Young & Company (now Ernst & Young).

Fechtmann earned an M.B.A. in finance and international business from Harvard University Graduate School of Business.

About Cambridge Integrated Services Group
Headquartered in Greenwich, Connecticut, United States, Cambridge Integrated Services Group, a Scandent Group company, is the largest independently owned property and casualty claims and loss cost management service provider. Cambridge serves Fortune 500 self-insured employers, insurance carriers and public entities in the U.S., Europe and Australia. Claims services span workers' compensation; general, auto, professional and product liability; as well as property, personal lines, assumed/ceded reinsurance and subrogation. Cambridge Integrated Services Group also offers a wide array of specialty risk management services including outcomes management and audit consulting, managed care, special investigations and structured settlements. For more information, visit: www.cambridgeintegrated.com.

About Scandent Group
Established in 1994, Scandent Group is a business process outsourcing and global IT consulting company that has served more than 600 insurance, financial services, healthcare, government and manufacturing firms worldwide. Services include software engineering, development and support services; insurance claims management and risk management; and business process outsourcing of customer relationship management, accounting and other business infrastructure functions. Independently owned Scandent Group offers one of the world’s most highly educated, skilled workforces serving businesses on four continents. Among the select list of elite companies to be granted the prestigious designation of International Headquarters Status by the Government of Singapore, Scandent Group has more than 4,000 employees with offices in 13 countries. For more information, visit: www.scandentgroup.com.