SAINT PAUL, Minn., Apr 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- The St.
Paul Companies (NYSE: SPC) today announced that William H. Heyman, 54, has been
named executive vice president and chief investment officer. He will oversee all
The St. Paul's investments, including fixed income, equities, real estate and
Heyman succeeds Michael Wright, who is leaving the company to pursue other
"Bill has an exceptional financial services background, with solid investing and
varied private and public sector experience," said Jay Fishman, chairman and
chief executive officer. Heyman is currently an independent director of Max Re
Capital, a Bermuda-based reinsurance holding company, and a member of the
Advisory Boards of Pitango Funds II and III, venture capital funds based in
Until March 15, 2002, Heyman was chairman of Citigroup Investments, a subsidiary
of Citigroup that managed most of Citigroup's proprietary investments. His
responsibilities included all public and private equity-related investments,
real estate, and alternative investments, as well as Citigroup's pension fund.
He founded and was until his departure chief executive officer of Tribeca
Investments, a Citigroup subsidiary that conducts proprietary trading and
investment activities including merger arbitrage and convertible hedging. He was
a senior vice president of various Citigroup insurance subsidiaries, including
Travelers, and served as a Citigroup representative on several boards.
Prior to joining Citigroup in 1995, he was, successively, a managing director
and head of the private investment department of Salomon Brothers; director of
the Division of Market Regulation of the U.S. Securities and Exchange Commission
in Washington, D.C. (1991-1993); and a managing director and head of the
arbitrage department of Smith Barney. He began his career in the securities
business in 1979, when he co-founded Mercury Securities, a broker-dealer
specializing in merger arbitrage of which he was chief operating officer for
nine years. Prior to that, he was a securities lawyer, principally with Cravath,
Swaine & Moore.
He is currently a member of the Advisory Board for Financial Mathematics of the
Courant Institute of Mathematical Sciences of New York University; the Advisory
Council of the Bendheim Center for Finance at Princeton University and the
Economic Club of New York. He has been a member of the Emerging Markets Advisory
Committee of the SEC, the Financial Products Advisory Committee of the Commodity
Futures Trading Commission and a public member of the Administrative Conference
of the United States and its Special Committee on Financial Institutions.
Heyman earned his bachelor's degree from Princeton University, where he was
elected to Phi Beta Kappa. He received his law degree from Harvard Law School.
The St. Paul Companies, headquartered in Saint Paul, Minn., USA, provides
commercial property-liability insurance and non-life reinsurance worldwide. The
St. Paul reported 2001 revenues from continuing operations of $8.9 billion and
total assets of $38.3 billion. For more information about The St. Paul and its
products and services, visit the company's web site, http://www.stpaul.com
For more information, contact: Joan Palm for St. Paul Companies,
SOURCE The St. Paul Companies