Zurich Financial Services appoints new Group Finance Director

Zurich, November 21 – Zurich Financial Services has appointed Patrick O'Sullivan, 53, to be Group Finance Director and member of the Group Executive Committee effective December 2, 2002. Patrick O’Sullivan has been Chief Executive, General Insurance and Banking, at Zurich Financial Services UKISA Division since 1998. In his new responsibility he will assume leadership for all of the Group’s finance functions, and he will be reporting to Zurich’s Chief Executive Officer James J. Schiro.

James J. Schiro said: "Patrick’s skill and breadth of experience will provide the leadership and discipline needed to strengthen all aspects of our financial function. He will help drive our profit improvement initiative and further develop our relationships with financial institutions and investors."

Before joining Eagle Star Insurance Company in 1997, which became part of the Group as a consequence of the merger with BAT Financial Services, Patrick O’Sullivan held management positions with Bank of America, Goldman Sachs International, GE Capital and BZW, the Investment Banking arm of the Barclays Group, where he was Chief Operating Officer from 1996 to 1997. Patrick O’Sullivan is a Fellow of the Institute of Chartered Accountants in Ireland and a graduate of Trinity College, Dublin, as well as the London School of Economics.