ALCHEMY CONSULTING BECOMES ALCHEMY ASSOCIATES (PVT) LTD. AND ADDS TWO NEW PARTNERS.
21st April 2004

Karachi, Pakistan - Alchemy Consulting, Pakistan’s 5th actuarial and risk management consulting firm announces its incorporation as a private limited company and will now be known as Alchemy Associates. Alchemy Associates is also pleased to announce the addition of two new partners, Mr. Arif Rasool and Mr. Mujtaba Iqbal.

Arif has over fourteen years experience working for Prudential UK in several actuarial capacities. More recently he has been the actuary for American Life Insurance Company (Pakistan) Ltd for over two years. Arif has a BA in Mathematics and Economics from University College of North Wales, UK and is expected to become a Fellow of the Institute of Actuaries (England & Wales) later this year.

Mujtaba has worked as a senior consulting professional for more than 12 years, primarily with KMHR a member firm representing Deloitte & Touche in Pakistan. He is a CFA level III candidate and Finance and Accounting major from Drexel University in the USA.

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For additional information about the firm, please contact:

Jawwad Farid/Mujtaba Iqbal
Alchemy Associates
103 - 104 Amber Estate
Main Shahrah-e-Faisal, Karachi 75350, Pakistan
Tel: +92 21 4535712
Fax: +92 21 4546291
Email: jawwad@alchemya.com, mujtaba@alchemya.com
Website: http://www.alchemya.com