HOUSTON (July 6, 2006) - Stewart Information Services Corp. (Stewart) has named Catherine A. Allen and Thomas G. Apel as advisory directors.
Allen serves as chief executive officer of BITS, the technology group for The Financial Services Roundtable, a nonprofit, CEO-driven industry consortium whose members are 100 of the largest financial institutions in the United States. A leader for 30 years in technology and financial services, she also is the founder of The Santa Fe Group (http://www.santa-fe-group.com), a strategic consulting firm providing expertise to financial services and other critical infrastructure companies.
"Cathy is an impressive, dynamic addition to our board," said Malcolm Morris, Stewart chairman and co-chief executive officer. "Her extensive banking experience and her deep knowledge of technology will provide us invaluable insight as we develop the ability to conduct the entire real estate closing transaction electronically."
Apel currently serves as president of Intrepid Ideas Inc., a product development, technology evaluation and business strategy consulting firm for financial services and real estate finance companies. He also is a fellow with the Massachusetts Institute of Technology in the advanced study program currently focused on business model taxonomy and IT portfolio strategies.
Previously, Apel was president and CEO of Centex Title and Ancillary Services, responsible for national title, escrow and insurance operations.
"Tom Apel is uniquely qualified to help Stewart as a board member, with his background in title and real estate-related businesses and an admirable, technologically innovative spirit," said Stewart Morris Jr., Stewart president and co-chief executive officer.
Stewart Information Services Corp. (NYSE-STC) is a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.setwart.com.