First Title Strengthens Business Development Team With New Appointment

June 24, 2008, LONDON

First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, today announced the appointment of Gábor Botka as business development executive in Central and Eastern Europe (CEE).

Botka started his career as a financial analyst at GE Hungary, before taking up the role of company secretary at FHB Mortgage Bank in Hungary in 2003. His most recent position was as head of risk and portfolio management at FHB Life Annuity ltd, where he played an active role in new product development. He was also responsible for operation and strategic matters as the general deputy of the chief executive officer, and serves as a member of the board of directors.

Botka will be responsible for introducing lender programs, based on existing highly successful UK programs, to the CEE region. First Title’s lender programs provide security on title for mortgaged properties, permitting the lender bank to assess credit risks more quickly, save on operational costs and shorten their disbursement processes. Botka, who will be based in Hungary, will report directly to Andrew Jackson, managing director of First Title’s CEE operations.

Jackson commented: “Gábor will help to drive business in the CEE region by developing title insurance products, in turn helping to streamline the bank’s disbursement process. We are currently going through a sustained dynamic period of growth and, as such, are in need of high calibre individuals who can capitalise on this success. Gábor has had considerable experience working in the region. His credentials make him an invaluable new member of our team, and we are delighted to be welcoming him into the fold.”

Botka added: “I am extremely excited to be involved with a company as dynamic as First Title, and look forward to working with property investors, developers and lenders alike in order to provide solutions which mitigate risks that commonly threaten the smooth-running of property transactions. It is important to give lenders the products and services they need to develop their own customer-orientated processes, in turn providing them with a competitive edge. This is where product development comes in. The CEE region is constantly evolving, and I relish the challenge of keeping up-to-speed with such dynamism.”


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