19th Jun 2007 15:45
Friends Provident PLC19 June 2007 Friends Provident plc Board Appointment Friends Provident plc, the FTSE 100 financial services group, has appointedGerhard Roggemann, 59, to the Board as an independent Non-Executive Director. Hehas also been appointed to the Board of F&C Asset Management plc as aNon-Executive Director. Gerhard Roggemann is currently Vice Chairman of Hawkpoint Partners Europe,responsible for the development of its German business, and a Non-ExecutiveDirector of Deutsche Borse AG. After qualifying as a barrister he spent a large part of his professional careerwith JP Morgan, mostly in Trading and Securities-related activities. Positionsheld included Managing Director of JP Morgan's German branch in Frankfurt andRegional Treasurer Asia Pacific in the Tokyo office. Gerhard Roggemann then spent an aggregate of 13 years on the Management Boardsof two German Landesbanks, joining the Executive Board of NorddeutscheLandesbank in 1991, and of Westdeutsche Landesbank (WestLB AG) in 1996, where hefocused mainly on Trading and Asset Management. Gerhard's previous Board appointments include AXA Lebensvericherungs AG , AXAKapitalanlagegesellschaft mbH, Deka Bank, Fresenius AG, Hapag Lloyd AG and VHVHolding AG. Commenting on the appointment Sir Adrian Montague, Chairman of FriendsProvident, said: "I am delighted to welcome Gerhard to the Board. He brings a fresh perspectiveand considerable financial expertise in asset management, banking and insuranceas well as a wealth of experience from working within the German and Asianmarkets. These will prove invaluable to the Friends Provident Group,particularly as we develop our international dimension. We very much lookforward to working with him." - Ends - For further information, please contact: Gordon Ellis Friends Provident plc 01306 654 802 Ref: H123 Notes to Editors About Friends Provident Friends Provident plc is the holding company of the Friends Provident Group ofcompanies and a member of the FTSE 100. With more than 2.5 million customers theGroup employs approximately 5,000 staff in its three core businesses: UK Life &Pensions, International Life & Pensions and Asset Management. Now in its 175th anniversary year, the business was founded on Quaker principlesand aimed to alleviate the hardship of families facing misfortune. FriendsProvident has embraced corporate governance and achieving high standards ofcorporate behaviour and accountability to both stakeholders and customers is atthe heart of our business. In 2001 the company established the grant-makingcharity The Friends Provident Foundation with the aim to encourage new ways ofthinking about how money can be used to solve a wide range of problems. Fast growing UK Life & Pensions: • 2006 new business sales up 30%, growth underpinned by award-winning service International Life & Pensions: • Friends Provident International - 2006 new business sales up 16% • Lombard - 2006 new business sales up 40% Asset Management: • Funds under management £104 billion at 31 December 2006 from £30 billion at listing (July 2001) Financially strong • Risk Capital Margin of £220m covered by surplus assets within With Profits Fund at 31 December 2006 • Life & Pensions excess capital resources in accordance with FRS 27 £1.8 billion at 31 December 2006 • Regulatory solvency: Free Asset Ratio 22.2% at 31 December 2006 • Insurer financial strength rating: Moody's A1, S&P A+, Fitch A+ For more information on Friends Provident including, photos, awards, fast facts,presentations, and media contacts please visit the media section atwww.friendsprovident.com/media This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fondul Proprietatea