Intertrust N.V. announced that Stephanie Miller is stepping down as a Member of the Management Board and the Executive Committee. The Supervisory Board announced the nomination of Shankar Iyer as Member of the Management Board. Mr. Iyer will assume the role of acting Member of the Management Board from 7 December 2020. Stephanie has successfully set the strategic direction for Intertrust, including a vision to digitally transform the business which led to the acquisition of Viteos. The Company is now focused on integrating and migrating the acquired business to finish the transformation and deliver the full platform to its clients. In proposing a successor, the Supervisory Board has considered the appropriate skills necessary for the next phase of Intertrust’s development. The Supervisory Board has been impressed with Shankar Iyer’s leadership skills and his strong focus on growth and returns and believes he is the right person for Intertrust to maximise value for all stakeholders. Shankar is currently Chief Solutions Officer of Intertrust and was CEO and co-founder of Viteos, a top ten US tech-enabled funds administrator acquired by Intertrust in 2019. He has over 30 years of international experience in business acquisition and development and has extensive experience in integrating digital capabilities into businesses. Prior to founding Viteos, Shankar was the President and CEO of Silverline Technologies, an IT services company, which he led to its listing on the NYSE. Subject to shareholder approval at a General Meeting and regulatory approval, Mr. Iyer will be appointed as a Member of the Management Board and CEO for a period of four years.