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Henry B. Smith was President and Chief Executive Officer of W.P. Stewart & Co., Ltd. since May 2005 and has served as a Director of W.P. Stewart & Co., Ltd. since June 1998. Mr. Smith announced his resignation as President and Chief Executive Officer effective as of March 31, 2006, due to health reasons. Mr. Smith remains on the Board of Directors in the position of Deputy Chairman and member of the Executive Committee. Until its acquisition by HSBC Holdings PLC in February 2004, Mr. Smith was Chief Executive Officer and a Director of The Bank of Bermuda, with whom he had been employed in various capacities since 1973. From February 2004 through December 31, 2004, he held the position of Executive Director of the Bank of Bermuda, with oversight responsibility for the integration of the Bank's businesses into the HSBC group.
Mr. Smith remains a non-executive director of The Bank of Bermuda and is also a director of Axis Capital Holdings Limited in Bermuda. | 