INSIGHT ANNOUNCES SENIOR RETAIL AND INSTITUTIONAL MARKETING APPOINTMENTS

13 February 2003

Following the appointment of Deborah Kelliher as head of marketing, Insight Investment continues to unveil its new business structure, announcing the senior marketing reports that will support its ambitious plans in the retail and institutional arenas.

Nicola Burt has been appointed senior retail marketing manager. Burt joined Insight in August 2002 as retail marketing manager, supporting the launch of Insight’s retail business last autumn. Burt’s new role will focus on developing and executing marketing plans and campaigns in line with Insight’s strategic objective of becoming a top ten player in the intermediary market. She will manage a team of retail channel marketing specialists delivering support across the retail business.

Insight also confirms the appointment of Clodagh Hazel in the role of institutional marketing manager. Hazel joined Insight in October 2002, and will continue to focus on developing marketing campaigns to support Insight’s strategic objectives of becoming a top five provider of UK and European bonds and equities and a top three UK property investment manager to the institutional market.

Insight announces it is also actively recruiting for a head of investment communications, also to report to Deborah Kelliher. The role will have specific responsibility for managing investment writing/technical data, market research, retail client reporting and retail presentations.

Commenting on the appointments, Deborah Kelliher said, “Nicola and Clodagh have a wealth of experience in their individual marketing channels. Both have achieved considerable success in raising Insight’s profile since its launch last year and I am confident they will continue to develop cutting-edge campaigns for our business.”

Insight is continuing its integration process and will unveil more detail of its structure and appointments once they have been determined.

-ends-

For further information please contact:

Insight Investment press office

Tel: 020 7321 1358

Notes to editors

Insight Investment: The facts

Insight Investment Management Limited is the asset manager of HBOS plc.  Registered office 33 Old Broad Street, London EC2N 1HZ.  Registered no. 02111149.  Regulated by the Financial Services Authority.

Insight Investment manages funds for institutional and retail clients across the full range of asset types – equities, bonds, property, derivatives, and private equity.

On 31 January 2003, Insight Investment completed its acquisition of the institutional, retail and offshore (Guernsey) business of Rothschild Asset Management. The transaction gives Insight Investment total funds under management of £68bn (as at 30 September 2002). Insight Investment’s asset split is around £40bn in fixed income and cash and £28bn in equities and property.

Insight Investment is part of the Insurance and Investment Division of HBOS, together with Clerical Medical, Halifax Financial Services and the HBOS general insurance businesses.