27th Jan 2010 08:30
27 January 2010
RESOLUTION LIMITED
Registered Office: Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands
Company Number: 49558
Director Appointments
Resolution Limited (Resolution) is pleased to announce the appointment to the Resolution Board of three further independent directors, with experience and expertise across the European financial services industry. Jacques Aigrain, Gerardo Arostegui and Mel Carvill will be appointed with effect from 1 February 2010.
Jacques Aigrain has spent most of his professional career in the insurance and banking sectors. He was the CEO of Swiss Re between 2006 and 2009, having previously held the positions of Deputy CEO and Head of Financial Services at Swiss Re. Prior to that he was at JP Morgan for 20 years, holding several senior positions in the bank's investment banking division.
Gerardo Arostegui retired as CEO of Aviva Spain in 2008. During his 23 year career with Aviva, he led the creation, through acquisitions and organic growth, of one of the leading bancassurance businesses in Spain. He has extensive experience across the European insurance and asset management sectors.
Mel Carvill worked at Generali from 1985 until 2009. He held a number of senior positions in the group, including heading a major part of the international business outside Italy, working on the restructuring of Generali's asset management group and leading mergers and acquisitions. He is currently the Founder, President and CFO of PPF Partners, a private equity firm, and Generali joint venture.
Mike Biggs, Chairman of Resolution, said:
"We are delighted that Jacques, Gerardo and Mel are joining the Board as non-executive directors. They bring a wealth of experience in many areas, including new perspectives on the consolidation of the financial services sector across Europe."
John Tiner, CEO of Resolution Operations, said:
"As Resolution executes its restructuring plans across the insurance, asset management and banking sectors, the contribution of Jacques, Gerardo and Mel will be invaluable."
Enquiries:
Media Alex Child-Villiers, Temple Bar Advisory +44 (0)7795 425580
Investors and Analysts Steve Riley, Resolution Operations +44 (0) 203 372 2908
Notes to Editors:
In accordance with paragraph (1) of Listing Rule 9.6.13(1), Resolution advises that Jacques Aigrain is currently a member of the Supervisory Board of Deutsche Lufthansa AG; Gerardo Arostegui is currently a non-executive director of Tubacex SA; and Mel Carvill is a non-executive director of Tapestry Investment Company PCC Limited and was formerly a director of Bailiwick Investments Limited.
In accordance with Listing Rule 9.6.13R, Resolution confirms that there is no information to be disclosed under paragraphs (2) to (6) (inclusive) of LR 9.6.13R in respect of Jacques Aigrain, Gerardo Arostegui or Mel Carvill.
A copy of this announcement is and will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, for inspection on Resolution's website at www.resolution.gg. Biographies of each of Jacques Aigrain, Gerardo Arostegui and Mel Carvill are also available at www.resolution.gg.
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