Chase Cooper Appoints John Thirlwell - a Leading Light in the World of Basel II and Operational Risk

London – 19 April 2005

In a statement today, Chase Cooper, a market leader in compliance solutions, announced that it is appointing John Thirlwell to its main board as a Non-Executive Director. Thirlwell is a well respected and recognised figure in Operational Risk and has held a number of senior executive positions in banks. Latterly, he was a Director of the British Bankers’ Association, with a particular responsibility for risk issues, including operational risk, and set up and chaired the BBA’s Global Operational Loss Database. He is a frequent speaker and writer on risk and regulatory matters.

Zag Asghar, a director of Chase Cooper, said, "John’s track record, industry experience and the well-deserved respect that he commands in this industry speak volumes. We are delighted to have John on our board and look forward to the tremendous value he will add to Chase Cooper with his in-depth Operational Risk experience and business acumen."

Speaking of his appointment, Thirlwell said, "I have met many firms over the past few years that have attempted to make a mark in the compliance market – without success. Chase Cooper has impressed me as a company that understands risk and compliance issues and offers practical thought leadership and a complete solution to meet Operational Risk and Sarbanes-Oxley requirements. I am delighted to join like-minded talent and to help the company to fulfil its ambitions as it continues to develop its risk and compliance capabilities".

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