WINNIPEG, MANITOBA--(CCNMatthews - March 1, 2006) - Loring Ward International Ltd. today announced that it has named Gerard "Jerry" Melia as Chief Financial Officer of Loring Ward Group Inc., the subsidiary that holds the Company's US operations.
Melia joins Loring Ward from Credit Suisse where he served as Americas Chief Financial Officer with overall responsibility for all financial aspects of the Americas business of Credit Suisse Asset Management (CSAM). Prior to that, he served Credit Suisse in a variety of senior management positions, including Global Financial Controller (CSAM), Global Head of Global Expense Management (CSFB), and Financial Control Global Chief Operating Officer (CSFB). Additionally, Melia has also held financial positions at Salomon Brothers, and Price Waterhouse Coopers where he began his career. Melia earned his BBA with a concentration in accounting from the University of Notre Dame, holds the NASD Series 27 Financial & Operations Principal License, and is a Certified Public Accountant.
Based in Loring Ward's New York Office, Melia is expected to assume the role of Chief Financial Officer of Loring Ward International Ltd. and Chief Financial Officer and Treasurer of the SA Funds from Denis Taillieu on or before March 31. It has been anticipated that Denis Taillieu, located in Winnipeg, would step down as Chief Financial Officer of Loring Ward International Ltd. and Chief Financial Officer and Treasurer of the SA Funds as part of the transition of the Company's Executive Management Team from Canada to the United States. Following Melia's transition to the role of Chief Financial Officer of Loring Ward International Ltd., Denis Taillieu will provide consulting services to the company.
"We are delighted to have someone of Jerry's high caliber working with us," said Donald J. Herrema, Chairman and Chief Executive Officer. "With his strong asset management background and well-rounded financial services experience, Jerry will play an important role in helping strengthen our focus and position going forward."
About Loring Ward
Loring Ward International Ltd. provides wealth and life management services to some of America's most enterprising and successful individuals and families. These services are provided through the Company's two primary businesses - Asset Management & Advisory Services and Business & Financial Management. It is an unlisted Canadian public company with principal operating subsidiaries in California and New York. The Company's U.S. corporate offices are headquartered in New York. For more information, please visit www.loringward.com.
This document contains forward-looking statements relating to the Company's objectives and strategies, as well as statements of our beliefs, plans, expectations and intentions. These statements are not guarantees of future performance and may involve uncontrollable and unforeseen risks and uncertainties. Actual outcomes and results may differ materially because of many factors, including those discussed in this report and other public filings. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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