NEW YORK - CVC Capital Partners ("CVC"), a leading global private equity firm, announced today the appointment of James ("Jim") Schiro as a senior advisor to the firm. Mr. Schiro will become a member of CVC's U.S. and Global Financial Institutions Advisory Boards to support CVC's investment activities in the US and in the financial services sector globally.

Mr. Schiro has extensive experience in the financial services industry, having held management positions at a number of large, global organizations. From 2002 to 2009, Mr. Schiro served as Chairman of the Group Management Board and Chief Executive Officer of Zurich Financial Services AG. Prior to joining Zurich Financial Services, Mr. Schiro served as Chief Executive Officer of PricewaterhouseCoopers LLP. He began at Pricewaterhouse in 1967 and during his tenure there held a number of senior roles.

Mr. Schiro currently serves as Lead Director of The Goldman Sachs Group, Inc., Presiding Director of PepsiCo, Inc, and Vice Chairman of the Supervisory Board of Royal Philips Electronics. He also serves on the Board of Directors of REVA Medical, Inc. and is actively involved as a Board Trustee at St. John's University and the Institute for Advanced Study.

Christopher Stadler, Managing Partner and head of CVC's US Office, commented, "We are very excited to officially welcome Jim to CVC. His distinguished career makes him uniquely qualified to assist us in our investment activities. He has supported us in assessing a number of recent opportunities, and we look forward to his continued involvement."

Kamil Salame, Partner and head of CVC's US Financial Institutions Team, added, "Jim is an extraordinarily talented and accomplished executive who has successfully led some of the world's largest and most complex financial services firms through periods of great change. His experience and wisdom will be incredibly valuable to CVC's global financial services investment effort."

CVC currently has approximately $6 billion of uninvested equity capital, making the firm one of the top five sources of available private equity funds in the world.

About CVC Capital Partners
CVC Capital Partners ("CVC") is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and some 250 employees throughout Europe, Asia and the US.

Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC Funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has raised over US$44 billion from a diverse and loyal investor base, completing over 290 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of US$169 billion. In total, we manage over US$37 billion and are investing from CVC Tandem Fund, CVC Fund V and CVC Asia III.

The CVC team's local knowledge and extensive contacts underpin a 31-year proven track record of investment success. Thanks to its extensive international presence, CVC excels at pulling together cross-border resources to assess investment opportunities quickly and consistently, allowing sound and timely decisions to be made on questions of value. This is key both in deal completion and in generating strong returns for investors. Today, CVC Funds own more than 60 companies worldwide, employing around 400,000 people in numerous countries. Together these companies have combined annual sales of over US$136 billion.

For additional information, please contact:
Brunswick Group
Mary Zimmerman
Tel: + 1 212 333 3810