Appointment Notice -- Sherry MacDonald C.A. President and Chief Executive
Officer of the Canadian Scholarship Trust Foundation and its Subsidiary,
C.S.T. Consultants Inc.

TORONTO, March 24 /CNW/ - Canadian Scholarship Trust Foundation (C.S.T.) is proud to announce the appointment of Sherry MacDonald C.A. to President and Chief Executive Officer of the organization and its subsidiary, C.S.T. Consultants Inc.

With more than 20 years of senior management experience in financial services, Sherry MacDonald brings deep understanding of the industry and strong leadership to the organization.

"It is an honour and privilege to be leading this outstanding organization," Ms. MacDonald said. "I am committed to building on our past success while positioning our firm as Canada's foremost education savings provider."

Since joining C.S.T. in 2003 as Vice President Risk Management and serving as Chief Financial Officer since 2005, Sherry has been responsible for the investment and risk management functions as well as oversight, supervision of financial reporting and strategic planning.

Prior to joining C.S.T., Sherry spent 15 years in the investment management and pension benefits industry as a Senior Vice-President Finance and CFO. Her responsibilities included financial management, investment operations and technology development. She also helped build regulatory and compliance processes to establish corporate governance standards.

For the past eight years Sherry has served as Chair of the Risk Committee for the Deposit Insurance Corporation of Ontario responsible for regulation of Ontario's credit unions and caisses populaires. She has also been a part of the Securities Regulatory and Sales Practices Committees of the industry association for Registered Education Savings Plan (RESP) dealers for the past seven years.

About the organization:

Distributed by C.S.T. Consultants Inc., Canadian Scholarship Trust Plans make it easier for Canadian families to save for their child's post-secondary education by helping them contribute regularly to their RESP and stay on track to keep their money growing. The Plan is strategically invested to preserve Planholders' principal and deliver a positive return on investment.

Since 1960 the Canadian Scholarship Trust Foundation, the Plan's sponsor, has paid out over $2.2 billion in payments. Today the Foundation manages over 489,000 plans and has over $3 billion in assets under management.

For further information: Laura Johnston, Communications Specialist, C.S.T. Consultants Inc., [phone] x231, [email protected]