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13 May 2011

Perspective Financial Group Ltd, the Wilmslow-based IFA group, has today (13th May 2011) boosted its main Board with the appointment of Peter Craddock as its new Group Operations Director. Peter will take up his position with Perspective from 1st June 2011. He will be responsible for all aspects of Perspective Financial Group’s operating functions with all subsidiary firm Principals reporting directly to him. His main responsibility will be to help Group firms grow and develop their businesses. Craddock spent eleven years at Skipton Building Society in a variety of senior positions, most recently as Director of its financial services arm. Prior to his time at Skipton he held positions with CGU General Insurance and Commercial Union. Craddock’s appointment is the first new position to be created on the main Board of Perspective Financial Group Ltd since the business was established in April 2008. To date, Perspective Financial Group has purchased 20 businesses across the UK. It expects to announce a number of further acquisitions in the second quarter of 2011. The Group’s annualised turnover is now in excess of £17 million, with over £5 million EBITDA (earnings before interest, taxes, depreciation and amortisation). Damian Keeling, Managing Director of Perspective Financial Group Ltd, commented: “To add someone with Peter’s extensive IFA experience to Perspective Financial Group and our Board as Group Operations Director is a major coup for the business and it signals our ongoing commitment to helping our Group firms grow and develop. Peter has extensive experience within the IFA and financial services sectors and we believe our Group firms will benefit considerably from his knowledge and skill-set. It will also benefit our firms to know they have a Director on the Board whose main role is to help them expand their offerings and to take advantage of the many opportunities that are available to them. “From a Group point of view, Peter’s appointment reflects the fact that Perspective is now a substantial financial services group and not just a consolidator of IFA firms. Our expectations for the future are that we will be focusing as much on helping our existing firms develop as much as we are still actively looking to acquire strong and successful IFA businesses. We have added extensively in terms of personnel both at a head office and regional level and this will continue as we improve and expand our proposition and offering to both existing and new IFA firms.” Peter Craddock, Group Operations Director at Perspective Financial Group Ltd, said: “This new position at Perspective is certainly an exciting one considering the future direction and plans for the Group. It has already expanded considerably in a short space of time and I know it has major ambitions to add more IFA firms and develop its overall offering to all those within the Group. On a day to day basis I will be focused on helping Group firms fulfil their potential and making sure they have all the resource they need to benefit from the opportunities Perspective can offer them. My first port of call will be to get out across the country to visit all our firms and I look forward to working with our Principal heads and representing their wants and needs at Board level. I am looking forward to growing value with the Principals at each Perspective Group firm.” For more information on Perspective Financial Group Ltd, visit: www.pfgl.co.uk ENDS

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