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Michael Staveley Joins Board of Directors of Northstar Financial Services Ltd.

Northstar News

HAMILTON, Bermuda (January 16, 2013) – Northstar Financial Services Ltd., the Bermuda-based annuity and life insurance company that serves the specialized needs of global high net worth clients, announced today that Michael Staveley, Chief Investment Officer of the Eden Rock Group, joined its Board of Directors effective January 4, 2013.

Mike has been CIO of Eden Rock since 2006. During his 25 year career in financial markets, he has managed a variety of businesses involving credit trading and structuring and his responsibilities have also included the management of significant investment portfolios. From 2001 to 2006, he was Global Head of Credit Markets at Commerzbank. Prior to that, he spent three years at General Re Financial Products where he served as Managing Director and Global Head of Credit Trading. Mike also spent six years with SBC Warburg in London and New York in structured credit trading having begun his career at Citicorp, where he spent four years trading credit and fixed income derivatives.

“We are very pleased to welcome Mr. Staveley to the Northstar board,” said Gary Dombowsky, Northstar’s President. “Mike’s deep investment knowledge, structured product expertise and experience managing operating business units of well regarded financial institutions will be of enormous benefit to the company.”