From: ACI - The Financial Markets Association

- At ACI's World Congress in Manila at the end of May 2006 Council has unanimously elected Mr. Saad Jamaluddin as new Chairman of the ACI Board of Education.

Mr. Saad Jamaluddin works for Arab Finance House SAL (Islamic Bank) as Senior Executive Manager, Treasury & Correspondent Banking in Beirut, Lebanon. He has a bachelor of business administration, BBA, from the American University of Beirut. Saad has a very broad and respected experience in financial markets. He is considered the pioneer in introducing Islamic Treasury products to the Lebanese Financial Markets and its banking industry. He was President of ACI Lebanon after being Secretary and served in various other functions in ACI Lebanon. Saad was a member of the Board of Education in recent years and significantly contributed to the progress in education provided by ACI, The Financial Markets Association.

- We would like to thank Mrs Carlene Crnkovich who chaired the Board of Education for the last 3 years and wish her every success for the future.

- ACI will from now on concentrate all its offices including Education at our Paris location. We hope this will further enhance communication and internal efficiency. Rest assured that the quality of service rendered by ACI, the Financial Markets Association, and the commitment to service the banking industry and our 13.000 members in particular in the educational area remains unchanged.

- Effective July 7 th , 2006, Ann McGoff has resigned from her post of Head of  ACI's Education Operations. We would like to thank Ann for her devotion to ACI and wish her all the best for the future. For any assistance and questions regarding ACI Education please do not hesitate to contact Saad Jamaluddin, Chairman of the Board of Education or  Jean Pierre Ravise, ACI Managing Director.