PRMIA OPENS NEW CHAPTER IN BRISBANE, AUSTRALIA, DR. ARIEL LIEBMAN NAMED FIRST REGIONAL DIRECTOR

June 18, 2003 The Professional Risk Managers’ International Association (PRMIA) is pleased to announce that it has opened its 38th chapter in Brisbane, Australia and has named Dr. Ariel Liebman, a Senior Risk Analyst with Ergon Energy, as the new Regional Director for the chapter.

Dr. Liebman becomes PRMIA's fourth Regional Director from the Energy Sector, reflecting the rapid growth of membership in that field and the importance of risk management in that dynamic business. His chapter activities will serve that market in Brisbane and will be broadened to be of interest to all risk professionals in various sectors.

Dr. Liebman was nominated to lead the chapter by the PRMIA Brisbane Steering Committee which includes Dr. Liebman and:

Mr. Bill Hopsick, Risk Manager, Intergen
Mr. Don Burtt, Strategy Manager, Ergon Energy
Ms. Lesley Silverwood, Director, PriceWaterhouseCoopers
Mr. Michael Bowden, Quantitative Analyst, Queensland Treasury Corporation
Mr. Paul Smith, Senior Trader, Energex

"Ariel has been identified as a strong leader and one of the most technically competent people in Australia's energy risk management profession," noted David R. Koenig, Chair of PRMIA's Board of Directors. "He'll do an excellent job integrating theory and practice across disciplines in Brisbane."

"My goal is to facilitate the interaction between risk management professionals in different fields in Brisbane," said Dr. Liebman. Although Brisbane is very strong in Energy we have several banks and other financial institutions active in the region and aim to create a flow of knowledge between these various fields. "

Dr. Liebman's doctoral work at the University of Queensland was on the application of Monte-Carlo methods to the stabilization of non-linear Quantum Mechanical systems. He has a Masters Degree in Laser Optical Physics and a Bachelors Degree, both from the University of Auckland.

PRMIA Regional Directors include professors, regulators, senior analysts, consultants, traders and senior officers of their companies. They come from banking, energy, asset management, software and non-financial corporations as well as from universities and governmental bodies. Over 10,000 attendees will visit free meetings organized by PRMIA regional chapters in 2003.

PRMIA seeks to serve its members through promoting standards and education in the risk management profession and through promoting the free exchange of ideas. Local chapters like PRMIA Brisbane host free meetings that address the needs of the local risk management community. PRMIA also offers the Professional Risk Manager (PRM) program in Brisbane and in 350 cities worldwide. Dr. Liebman will be organizing local programs geared towards institution of the PRM as the local standard in professional risk management assessment, development and certification.

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