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Press release

PATERNOSTER ANNOUNCES NON-EXECUTIVE DIRECTOR APPOINTMENT


Issue date:  28 June 2010

Paternoster, the regulated insurance company which takes responsibility for the risks associated with companies’ defined benefit pension schemes, is pleased to announce the appointment of Julie Chakraverty as a Non-Executive Director.

Julie Chakraverty was formerly a board member of UBS Investment Bank.  She held a number of global leadership positions across the bank and has a specialist background in risk management.  Her “CreditDelta” portfolio product won industry awards for excellence every year since 2001.  In 2007 she won a City Woman Achievement Award.  She has also worked for the investment bank JP Morgan.

Julie is also a Trustee of the Specialist Schools and Academies Trust and an Ambassador for the medical research charity Wellbeing of Women.

Ron Sandler, Chairman, commented

‘We are delighted to welcome Julie to the Board. Her knowledge and experience will be invaluable as the Company prepares itself for the future and for the growing market in pension scheme de-risking.”

Enquiries:

Paternoster
Sammy Cooper-Smith          Tel: 020 3040 5557

College Hill
Roddy Watt                         Tel: 020 7457 2020