XL Group plc announces the appointment of Edward J. ""Ned"" Kelly to its Board of Directors
- August 04, 2014
XL Group plc (“XL” or the “Company”) (NYSE: XL) today announced thatEdward J. “Ned” Kelly, III has joined the Company’s Board of Directors.
Mr. Kelly has extensive international and domestic financial service andboard experience. His resume includes past roles as Chairman of CitigroupInc.’s Institutional Clients Group, as Citi’s Chief Financial Officer, asGeneral Counsel and Secretary of JP Morgan & Co. Incorporated and asManaging Director of the Carlyle Group.
Commenting on the appointment, XL’s Chairman, Robert Glauber, said: “Weare thrilled to welcome Ned to XL’s Board. We expect that Ned’s extensiveand varied experience at several noteworthy financial institutions will bring aunique perspective to the Company, particularly in the areas of capitalmanagement and strategic execution. We look forward to his futureinsights and the substantial contributions he will no doubt make.”
Other past posts Mr. Kelly held at Citi include head of Global Bankingand before that President and Chief Executive officer of Citi AlternativeInvestments. Prior to joining the Carlyle Group, he was Chairman, ChiefExecutive and President of Mercantile Bankshares and, subsequent to PNCFinancial Services Group’s acquisition of Mercantile in 2007, was a vicechairman at PNC. Prior to joining J.P. Morgan, Mr. Kelly was apartner at the law firm of Davis Polk & Wardwell, where he specialized inmatters related to financial institutions.
Mr. Kelly currently serves as the lead director of the board of CSXCorp. Previously he served on the board of several public companies,including The Hartford Financial Services Group, Inc. and Axis Capital HoldingsLimited. He has a Bachelor of Arts degree from Princeton University and a JurisDoctorate from the University of Virginia.
About XL Group plc
XL Group plc (NYSE:XL), through its subsidiaries, is aglobal insurance and reinsurance company providing property, casualty andspecialty products to industrial, commercial and professional firms, insurancecompanies and other enterprises throughout the world. XL is the company clientslook to for answers to their most complex risks and to help move their worldforward. To learn more, visit www.xlgroup.com
Carol Parker TrottCommunications & Marketing Director Reinsurance & Bermuda