Rosenberg Joins Fiduciary Counselors as VP Finance

Laura S. Rosenberg, former Manager of Corporate Finance and Negotiations at the Pension Benefit Guaranty Corporation (PBGC), has joined Fiduciary Counselors Inc. as Vice President of Finance. Ms. Rosenberg was a principal architect of the PBGCs Early Warning Program and negotiated the restructuring of pension debt in over 80 transactions with major corporations.

February 28, 2004--Laura S. Rosenberg has joined Fiduciary Counselors Inc. as Vice President, Finance. Ms. Rosenberg previously served as Manager in the Corporate Finance and Negotiations Department of the Pension Benefit Guaranty Corporation (PBGC) where she was responsible for credit analysis and negotiations with major corporations in a wide range of industries.

Ms. Rosenberg was a principal architect of the PBGCs Early Warning Program and negotiated the restructuring of pension debt in over 80 transactions with major corporations both in and out of bankruptcy. She led the negotiations resulting in over $400 million of protections for the R.J. Reynolds Tobacco pension plans in conjunction with RJR Nabiscos spin-off of its tobacco company.

Prior to joining PBGC, Ms. Rosenberg was the Capital Markets Manager and Cash Manager for a Fortune 100 firm. She received a BS in Finance from the University of Maryland and an MBA in Finance from The George Washington University. Ms. Rosenberg is a Chartered Financial Analyst (CFA) and Certified Insolvency and Restructuring Advisor (CIRA).

We are thrilled to have Laura join us, said Nell, Hennessy, President of Fiduciary Counselors and former Deputy Executive Director of PBGC. Having worked with her at PBGC, I know first hand of her strong financial skills and negotiation abilities. Her valuable talents will be a great asset to Fiduciary Counselors and our clients.

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Fiduciary Counselors Inc., is a registered investment advisor that acts as independent fiduciary for pension and other employee benefit plans and advises plan fiduciaries and plan sponsors on fiduciary compliance, corporate governance, corporate transaction and bankruptcy. Fiduciary Counselors was previously a subsidiary of Aon Consulting, one of the top benefits consulting firms in the U.S. Prior to its incorporated in 1999, Fiduciary Counselors operated as a business unit of Actuarial Sciences Associates, Inc., originally a subsidiary of AT&T. In July 2003, Fiduciary Counselors was purchased from Aon in a management-led buy-out.

Fiduciary Counselors has acted as independent fiduciary in transactions involving plan assets totaling more than $5 billion, including more than $1 billion since becoming an independent firm. Assignments have included a number of high-profile cases involving employer stock in 401(k) plans, ESOPs and defined benefit plans.