ABD Insurance and Financial Services Makes Executive Level Changes

March 25, 2003

California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, announced a series of executive level changes.

Dan Francis has been appointed to the newly created position of president, Property & Casualty. He will assume full responsibility for the entire Property & Casualty practice. This will include Branch Operations, Financial Services, Risk Management, Marketing, Association, Surety, Personal Lines, Loss Control and Claims Management. Francis was previously president of the company’s Redwood City Property and Casualty division.

Sam Jones has been appointed to the newly created position of president, Corporate Development.

He will be responsible for ABD’s strategic growth and management initiatives across all operating divisions. He will also oversee all interaction with Greater Bay Bancorp, ABD’s parent. Mr. Jones will continue to work with Sales and Marketing efforts, maintaining established relationships with North Bay clients. Jones previously served as executive vice president of ABD’s Property and Casualty division.

Michael McCloskey will expand his responsibilities as Chief Financial Officer to include management of Human Resources, Administration, Facilities and Corporate Financial Planning. McCloskey will also join ABD’s Executive Committee.

Jim Hall will continue in his position of president, Employee Benefits. Hall is responsible for managing the firm’s 180 employee benefits professionals serving more than 2,000 clients from locations throughout California. Reporting to Hall are Debora Karstetter, executive vice president and Jim Czesak, executive vice president.

Fred de Grosz remains as president and CEO of ABD and Bruce Basso remains as chairman.

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