NewSmith Asset Management appoints Head of Risk and Control

London, Tuesday, May 31, 2005

NewSmith Asset Management, the investment management arm of NewSmith Capital Partners, has appointed Matthew Weir as Head of Risk and Control, responsible for risk measurement, management and control processes across all NewSmith funds, and as a partner in the firm.

Matthew joins NewSmith from Brevan Howard Asset Management, where he also served as Head of Risk and Control, working across a number of different hedge fund strategies. He has more than 14 years' experience in risk management and accounting and, prior to Brevan Howard, worked at Credit Suisse First Boston as risk manager for the global interest rate products and European money market divisions.

Stephen Zimmerman, Chairman of NewSmith Asset Management said: "Matthew is a highly experienced and professional risk manager, who will help us to develop further our risk infrastructure and support our core commitment to performance. We are delighted to welcome him to this important new role in the firm."