SCOTT SCHLEIFER JOINS PRMIA AS DIRECTOR OF PROFESSIONAL DEVELOPMENT AND HEAD OF THE PROFESSIONAL RISK MANAGER PROGRAM

April 21, 2003 - The Professional Risk Managers' International Association (PRMIA) is pleased to announce that Scott Schleifer has joined PRMIA as the Director of Professional Development.

In his new role, Mr. Schleifer will lead the development of the Professional Risk Manager (PRM) program as a global certification and professional development tool for risk managers. In addition, he will have responsibility for coordinating PRMIA's efforts to connect practitioners, academicians and supervisory personnel to enhanced educational resources.

"The PRM program has quickly established itself as the clear leader in risk management certification programs," said Mr. Schleifer. "The growth in this program, ancillary educational opportunities and the truly global network of diversified interests and skills that comprise PRMIA make this an exciting opportunity for me to serve the risk profession."

Prior to joining PRMIA, Mr. Schleifer was the Vice President in charge of the FRM Program at the Global Association of Risk Professionals (GARP). While there he managed all aspects of that certification program. Before his work with GARP, he was employed by the New York Institute of Finance where he held primary roles in the organization of over 100 annual Executive Seminars in New York and other major financial centers. He is a graduate of Middlebury College in Middlebury, Vermont.

"PRMIA is committed to the continued advancement of the risk profession," said David R. Koenig, Chair of the Board of Directors for PRMIA. "Scott brings a wealth of experience and talent to our fast growing certification program and his decision to join us is a strong endorsement of the efforts of the members of our Education and Academic Advisory committees."

The Professional Risk Manager (PRM) program is both a certification and professional development program specifically for risk managers and those whose work links them to the risk management profession. Offered in four separate exams, on every business day, in over 350 cities worldwide, it is the only globally endorsed certification program for risk managers. The PRM certification program tests for both the knowledge and understanding of the building blocks essential to the successful practice of risk management. The exams test theoretical and practical aspects of risk management best practices as well as case studies of failed practices. Furthermore, they require candidates to know, understand and commit to the professional standards that are at the heart of PRMIA's Bylaws and Standards of Best Practice, Conduct and Ethics (Code of Conduct).

The Professional Risk Manager program is the only risk management certification program that has been endorsed by Algorithmics, SunGard Trading and Risk Systems, the Risk Desk, MB Risk Management, Lepus, Lombard Risk Management plc and Misys. It is also supported through the sponsorship of Ernst and Young.

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