Loring Ward International Ltd.

Loring Ward International Ltd.

April 03, 2006 09:23 ET

Loring Ward International Ltd. Appoints Chief Financial Officer

WINNEPEG, MANITOBA--(CCNMatthews - April 3, 2006) - Loring Ward International Ltd. today announced that, as anticipated, Gerard "Jerry" Melia, Chief Financial Officer of Loring Ward Group Inc., has been appointed by Loring Ward's Board of Directors to the role of Chief Financial Officer of Loring Ward International Ltd. Additionally, the Board of Trustees of the SA Funds - Investment Trust has appointed Melia to Treasurer and Chief Financial Officer of the SA Funds, an affiliated company.

As previously announced and anticipated, Denis Taillieu, located in Winnipeg, is stepping down as Chief Financial Officer of Loring Ward International Ltd. and Treasurer and Chief Financial Officer of the SA Funds as part of the Company's transition of Executive Management from Canada to the United States. Denis will continue to serve the Company as a consultant on financial and strategic matters.

Based in Loring Ward's New York Office, Melia joins from Credit Suisse where he served as Americas Chief Financial Officer with overall responsibility for all financial aspects of the Americas business of Credit Suisse Asset Management (CSAM). Prior to that, he served Credit Suisse in a variety of senior management positions, including Global Financial Controller (CSAM), Global Head of Global Expense Management (CSFB), and Financial Control Global Chief Operating Officer (CSFB). Additionally, Melia has also held financial positions at Salomon Brothers, and Price Waterhouse Coopers where he began his career. Melia earned his BBA with a concentration in accounting from the University of Notre Dame, holds the NASD Series 27 Financial & Operations Principal License, and is a Certified Public Accountant.

About Loring Ward

Loring Ward International Ltd. provides wealth and life management services to some of America's most enterprising and successful individuals and families. These services are provided through the Company's two primary businesses - Asset Management & Advisory Services and Business & Financial Management. It is an unlisted Canadian public company with principal operating subsidiaries in California and New York. The Company's U.S. corporate offices are headquartered in New York. For more information, please visit www.loringward.com.

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Forward -looking statements may include those relating to the Company's objectives and strategies, as well as statements of our beliefs, plans, expectations and intentions. Implicit in this information are assumptions regarding future revenue and expenses, as well as our business strategy, expectations, intentions and other matters. These assumptions may prove to be incorrect, and actual outcomes and results, including the future operating results and economic performance of the Company, may differ materially because of many factors, including those discussed in this press release and in our other public filings. For more information on these risks and uncertainties you should refer to our detailed Financial Statements and Management's Discussion and Analysis which is available at www.sedar.com. Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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