Hyperion Announces Appointment of New Finance Director

22.07.08

21 July 2008: Eric Fady has been named as the new Group Finance Director for Hyperion Insurance Group.

Eric brings with him significant international experience in financial services. His last role was as Finance Director for Marsh Europe Middle East and Africa from 2003 to 2007, where he managed major projects to help the company adjust to the post Spitzer business world.

Previously he was CFO and Vice President for Strategy Implementation for Dun & Bradstreet Europe & Middle East from 1999 to 2002 where he contributed to the design of the company’s new business model and significantly improved their performance.

Eric graduated from Rheims Business School, and began his career as an auditor with KPMG in France.

David Howden, CEO of Hyperion Insurance Group, comments: “I am delighted that Eric has joined us at such an exciting time and he will be a hugely valuable member of our team as we embark upon the next stage of growth.  In April 2008 we successfully concluded negotiations with 3i Growth Capital which has now become a significant minority investor in the Group.  In addition to its initial investment of £28.3 million, 3i has committed a further £25 million towards our planned expansion in Asia and other key markets.  3i’s expertise and financial muscle along with Eric’s fantastic experience and skills will prove invaluable as the Group continues to develop. ”

Mr Fady said on joining: “I am excited by the growth potential of Hyperion and am committed to ensuring that finance will be the business’ most trusted advisor and proactive partner.”