Geneva Finance Appoints New CEO

News Release 18 October 2006

Geneva Finance Appoints New CEO

Geneva Finance has promoted Dennis Kelly to the position of Chief Executive Officer to reinforce the company’s executive management structure as it prepares to capitalise on the prospects for growth ahead.

The first New Zealand ‘non-bank’ finance company to secure a Standard & Poor’s rating, Geneva Finance is establishing a strong market reputation for the quality of its management team and its focus on building strong relationships with both borrowers and investors.

As CEO Kelly will play a major role in realising Geneva Finance’s long term vision to build a company with a solid, prosperous future while staying true to its core relationship driven values.

Previously Chief Operating Officer for the Hanover Group, Dennis was responsible for initiating, developing and maintaining effective strategies to ensure sustainable development of the financial services group, including Elders Finance Limited, Nationwide Finance Limited, FAI Finance Ltd, United Finance Ltd, United Home Loans and Leasing Solutions Ltd.

Prior to the Hanover Group, Kelly was Managing Director of New Zealand’s then largest vehicle leasing and fleet management company, Hertz Fleetlease Limited.

Kelly’s leadership, management and finance experience extends back to the early 1980s – beginning with Marac Finance Limited and including roles such as Regional Manager for Countrywide Bank, General Manager Capital Equipment Finance Limited, and General Manager, Marac Finance Limited.

“Geneva Finance is an exciting place to be at the moment. Recent key appointments have further enhanced the current skills and experience of our executive management infrastructure, reflecting both the growth and expansion of the business to date, and our aspirations to in time to be a major player in the financial service industry”.

“Our branch infrastructure coupled with relatively unique business processes such as insisting on face-to-face relationships with our borrowing customers, stands us apart from a number of our competitors when it comes to initial lending risk assessment and ongoing risk management. Likewise where we can we like to have a direct relationship with our investors, who appreciate the service we provide. “Kelly said.

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