Kuala Lumpur, 1 July 2008 - Alliance Investment Bank Berhad (AIBB) today announced the appointment of (Ms) Sachi Ratnajoothy as Executive Director and Chief Executive Officer of AIBB. This appointment takes effect on 1 July 2008. Her appointment has been approved by Bank Negara Malaysia.

Sachi is also the Head of Financial Markets for Alliance Bank Malaysia Berhad (ABMB) and will continue to hold this position concurrently.

As the CEO of AIBB, Sachi will be responsible for ensuring that AIBB, as a full-fledged investment bank, harnesses investment banking opportunities for its clients and adds value to their pursuit of competitive advantage, productivity and profitability at a global, regional and domestic level.

She will also oversee AIBB's provision of value-added end-to-end investment banking servicing capabilities for AIBB's clients which include corporate finance, debt capital market, equity capital market, stockbroking services, institutional and retail share trading, share margin financing, underwriting and placement, and research.

Sachi is a Fellow Member of the Chartered Institute of Management Accountants, United Kingdom. She has more than 15 years experience in treasury and debt capital market. Prior to joining the Group, Sachi held senior positions in a number of major financial institutions in Malaysia, including, Cagamas Berhad, Arab-Malaysian Merchant Bank Berhad and ABN AMRO Bank Malaysia Berhad.