Credit Bancorp Buys 40% Interest in the Only "For Profit" Graduate School System in Europe.GENEVA--(BUSINESS WIRE)--Aug. 4, 1999-- Entrepreneurial Financial Engineering and Investment Firm Supports Unique Business School Program and Creates Pipeline of Talent Credit Bancorp Ltd. (CBL Cbl cobalamin. ) today announced it has secured a 40% interest in the University of Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. in Monaco (USE). The University of Southern Europe, founded in 1986, is an independent institution located in the Principality of Monaco that teaches undergraduate- and graduate-level business curricula and offers fully accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. bachelors and masters degrees in business administration. "Credit Bancorp is proud to be an active partner in education with this esteemed es·teem tr.v. es·teemed, es·teem·ing, es·teems 1. To regard with respect; prize. See Synonyms at appreciate. 2. To regard as; consider: esteemed it an honor to help them. university," said Richard J. Blech, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Credit Bancorp Limited. "USE's philosophy towards education, where they extract the best educational approaches to business from several continents, mirrors CBL's business philosophy towards financial engineering. We too combine the best of international approaches accessed through our global corporate network of relationships for capital markets opportunities. We then make things happen promptly using our proprietary techniques to design and manufacture successful financial solutions for our counterparties Counterparties The parties on either side of an interest rate swap or a currency, equity or commodity swap, or to an options or futures position. ." "We are excited about CBL's participation in USE's mission of education," said Francois de Bruyne, President of USE. "As a global company, CBL understands the importance of educating the business leaders of tomorrow with an international perspective. USE emphasizes an international approach to business education, and we have cooperative programs The Cooperative Program is a unified funds collection program of the Southern Baptist Convention (SBC) designed to support SBC seminaries, mission agencies and denominational ministries. with many universities, including a unique Masters Program in Financial Management in cooperation with the Stern School at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the in the U.S. and with the University of Torino in Italy. Using this model, we are now planning further expansion of USE into other parts of Europe." USE was founded to make the dynamic region of southern France Southern France (or the South of France), colloquially known as Le Midi, is a loosely defined geographical area consisting of the regions of France that border the Atlantic Ocean south of the Gironde, Spain, the Mediterranean Sea, Italy, and Switzerland south of the a center for high-quality business education by combining European rigor rigor /rig·or/ (rig´er) [L.] chill; rigidity. rigor mor´tis the stiffening of a dead body accompanying depletion of adenosine triphosphate in the muscle fibers. with the American practical approach. The academic program balances theory with practical experience by combining lectures, case studies and research with on-site implementation of advanced methods of management analysis and practice. USE has a combined faculty of full-time professors, who represent 16 nationalities, as well as business executives who teach concentrated programs as adjunct adjunct (aj´ungkt), n a drug or other substance that serves a supplemental purpose in therapy. adjunct faculty. All courses are taught in English. The University also routinely brings in guest lecturers from the most renowned business education institutions, including Wharton and the University of Chicago. Guest professors teach short-term intensive courses over periods ranging from one week to one month. Students at the USE come from 35 different countries with widely diverse educational and cultural backgrounds. The Accrediting Council for Independent Colleges and Schools The Accrediting Council for Independent Colleges and Schools (ACICS) is a non-profit education corporation recognized by the United States Secretary of Education and Council for Higher Education Accreditation as an independent and autonomous national accrediting body that (ACICS ACICS Accrediting Council for Independent Colleges and Schools ) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. has recognized USE's program of studies, and independent assessments verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. USE's claims of academic excellence. The results of a 1997 Major Field Test in Business, administered by Educational Testing Service The Educational Testing Service (or ETS) is the world's largest private educational testing and measurement organization, operating on an annual budget of approximately $1.1 billion on a proforma basis in 2007. , Princeton, NJ, indicate that USE graduate students ranked in the top 4% of students at 317 accredited American institutions over the five preceding years. The University of Southern Europe in Monaco is a natural investment for CBL that champions an entrepreneurial outlook and international business model. With its participation in the University, CBL will support continuing generations of entrepreneurs through USE and at the same time will gain access to intellectual resources important to the future of its own business. CBL is a leading international financial engineering and investment firm. It offers a wide range of innovative financial solutions and customized services and draws upon an international team of experts. Friends of the University of Southern Europe The Association of the "Friends of the University of Southern Europe," is placed under the Honorary Presidence of His Serene Highness Serene Highness (acronym HSH) – His Serene Highness or Her Serene Highness. The style of HSH appeared at the front of the princely titles of members of German ruling families. Prince Albert Prince Albert, city (1991 pop. 34,181), central Sask., Canada, on the North Saskatchewan River. Prince Albert is a commercial and distribution center for a lumbering, gold- and uranium-mining, and mixed-farming area. There are wood-products and meatpacking industries. of Monaco. Its members are convinced that the Principality of Monaco needs an active, vibrant, modern and successful university if it is to further develop as a center of international commerce and finance. Thanks to the Friends' generosity Generosity See also Aid, Organizational; Kindness. Abbé Constantin self-sacrificing priest; curé of Longueral. [Fr. Lit.: The Abbé Constantin, Walsh Modern, 105] Amelia takes interest in Paul. [Br. Lit. , the University of Southern Europe is today equipped with a technologically advanced electronic library and up-to-date computer facilities. In addition, USE can offer top educational programs to students regardless of their financial means. -0-
Honorary President: His Serene Highness Prince Albert of Monaco
President: Doctor Michael T. McNamara
Founding Members Associate Members
ABN AMRO Bank Baenninger & Cie S.C.S.
Mrs. Kawther Al Abood Mrs. Helene Barbreau
Mr. Abdulaziz Al-Massaid Mr. and Mrs. Albert Benezra
Mr. and Mrs. Robert Brochu Mrs. Carole Davis
Mrs. Ingeborg Bruchhaus Mr. and Mrs. Gerald Genta
Mr. Jean-Pierre Campana Mr. and Mrs. Jonas Kampe
Mr. Enrico Costa Mr. And Mrs. Sergey Karbainov
Mrs. Marissa DiCarlo d'Alessandro Mr. Mathias Koener
Mr. and Mrs. Mike Ferrier Mr. and Mrs. Bob Lippens
Dr. Odette Fissore Mr. Henri Lorenzi
Mr. Denis Jersov Mr. Laurent Nouvion de Lavigerie
Mrs. Barbara Piasecka Johnson Monaco Telecom
Mr. and Mrs. Manfred Klupsch Mr. Claude Pallanca
Mr. And Mrs. Edouard Lefebvre-Despeaux Mr. Gildo Pallanca
Mr. Jean-Jacques Lemoine Mr. Peter Schmid-Kommerling
Dr. Michael T. McNamara Mr. Claus Thonbo
Mr. and Mrs. Saverio Martiradonna Mr. and Mrs. A.W.B. Vincent
M.Daniel Mignon Dr. Michael T. McNamara
Mr. Gunther Neunhoeffer
Mr. Ricardo Nevarez
Dr. Xavier Nieberding
Mr. William Piccione
Mr. Herve Raspaldo
Mr. and Mrs. Edmond Safra
Mr. Richard Schuhmertl
Mr. and Mrs. Mark Shriro
Mr. and Mrs. Bassim Shuhaibar
Mr. Michael Smurfit
Mr. Michael Tabor
Mrs. Karena van de Wetering
Mr. Rolf Wegener
Advisory Council of University of Southern Europe
Members
His Excellency Monseigneur Joseph Sardou
Archbishop of Monaco
His Excellency, Rene Novella
Ambassador of the Principality of Monaco in Rome
Jean Buchmann
Dean, Former Law School Dean, Professor Emeritus, Catholic
University of Louvain, Belgium
Richard J. Blech
President and Chief Executive Officer
Credit Bancorp Ltd., Geneva
Henri Bronne
Vice President of the Economic Council of the Principality of Monaco
Jean-Claude Eude
Member of Management, Compagnie Monegagque de Banque,
former President of the American Chamber of Commerce of Nice,
Monaco and Riviera
Lindsay Leggat Smith
President of Ansbacher S.A.M.
President of the Institute of Directors (I.O.D.)
Michael McNamara
Chief of the Magnetic Resonance Imaging Service, Princess Grace
Medical Center, Monaco
Francois de Monseignat
Furist and Swedish Consul to Monaco
Victor J.-B. Pastor
Enterprises Engeco Pastor, Monaco
Joseph Sasportas
Director of Eaton Control Division, Europe, Monaco
Miklos Vasarhelyi
Managing Director of Citibank N.A., Monaco
Honorary Members
Yves Crepet
former President and Managing Director of Dow Chemical in
Sophia-Antipolis, France
Pierre Tabatoni
former Chancellor Rector of the University of Paris, Honorary
Professor, Dauphine University of Paris, France
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