Chase Cooper Appoints World Class Authority on Operational Risk

London – 7 February 2005

In a statement today, Chase Cooper, a market leader in compliance solutions, announced that it is appointing Tony Blunden, a recognised world leading authority on Operational Risk, to lead its consulting practice. Blunden joins Chase Cooper as a director and board member to further consolidate its position as one of the leading compliance consulting companies in Europe, particularly for Basel II Operational Risk and Sarbanes Oxley.

Blunden, previously at Ernst & Young LLP as a Director in Financial Services Risk Management, brings deep domain knowledge and experience of the financial industry and has advised a substantial number of blue-chip firms on operational risk. He has spoken at over 35 high profile events in recent years and written over 18 articles related to operational risk.

John Kiddy, a director of Chase Cooper said, "Opportunities to appoint people of such high calibre are extremely rare. Tony is recognised throughout the industry as one of the leading authorities in this area and not only brings immense knowledge and market recognition, but also the rare ability to apply that knowledge in a practical way".

Blunden said, "I have been tracking the progress of a number of companies in the risk management space and Chase Cooper is clearly emerging as a leader. Its innovative solutions and the intellectual capital that has been applied to them, together with the high quality and calibre of its management team make it stand out from the competition. My aim is to add substantial incremental value to Chase Cooper, its business partners and clients in a market that demands real tangible solutions and the business benefits that can be derived from them. We are in an excellent position to capitalise on our strengths by offering genuine solutions to clients and added value that will really make the difference".

Kiddy added, "Our consulting practise and the benefits that we will offer to our clients under Tony’s leadership will be significantly enhanced. We are delighted to have Tony join our team and his appointment will further strengthen our resolve in maintaining Chase Cooper as a dominant player in the Operational Risk market."

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