Press Releases

15th February 2005
Inter-Alliance International Group International Appointment

Inter-Alliance International (IAI) is pleased to announce the appointment of Mr. Nenad Todorovic as Group IT Operations Director with effect from 1st February 2005. Mr. Todorovic, will be based at the Group's headquarters in Cyprus where he will be charged with overseeing and managing the design, implementation and roll-out of the Group's planned IT support system worldwide.

Mr. Todorovic's previous role was Director of Information Systems at Orbit Communications in Cyprus. Prior to that he was Systems Manager at Unibros Holdings - also Cyprus based. He has extensive experience in the implementation of systems to provide business solutions that increase operational efficiencies. He comes to IAI with a proven record in streamlining operations, relating technical information to end users and leading projects to fruition.

IAI Group has seen its turnover figures leap for the second year in succession, with a growth of 96% recorded for 2004 following a similar growth of 81% in 2003. The Group's annual turnover now exceeds US$17m.

Mr Todorovic will report to Mr. Brian Cosgrave, Chief Executive, Inter-Alliance International.

Brian Cosgrave says:
" We made a commitment to our staff and IFAs that we would invest heavily in infrastructure during the course of 2005. Nenad's appointment is proof of our intent here. Nenad has an excellent track record of delivery, is highly skilled and very experienced. He comes to us with exceptional references and has a desire to succeed that is critical in a dynamic organization like IAI. Nenad' s contribution will be crucial to our long-term growth plans and will ensure that we deliver efficient and effective support to all of our stakeholders - clients, IFAs and shareholders."

Nenad Todorovic says:
"I am delighted to be joining a successful and growing organization like Inter-Alliance International. I look forward to the challenge of contributing to the Group's successful roll-out of an effective IT platform and to the efficient management of resource and facilities."