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TERN FINANCIAL GROUP WELCOMES ECKART RUSSELL AS DIRECTOR

Influential Risk Management Pioneer Joins Board

Montreal, CANADA (January 28, 2014) - TERN Financial Group Inc., an emerging financial services provider focused on the global relocation market today announced that Eckart Russell has joined the company´s board of directors. As a member of the Board of Directors, Mr. Russell will leverage his considerable experience and expertise in the global risk management and insurance industry to provide guidance for the company´ solutions development and delivery, and strategic expansion plan.

“We are unquestionably humbled to have someone of Eckart Russell´s stature join our board of directors, his presence is a considerable validation for TERN Financial,” said Paul Coleman, president and CEO of TERN Financial. “Eckart’s profound knowledge and expertise will be invaluable to us as we continually develop novel risk and insurance solutions for the international relocation sector.”

Throughout Eckart Russell’s unparalleled career he has been a true pioneer and leader across all facets of the insurance business including broking, underwriting, claims management and advocacy, alternative risk finance, captive insurance, corporate risk finance, enterprise risk, commodity and foreign exchange risk management. He has been recognized for his excellence on several occasions, notably Business Insurance Risk Manager of the Year (1973), Power Broker of the Year in the Transportation Segment (2008) and the David Frees Award of the Rail Risk Management Association (2012).

“It´s a great time to get involved and help the accomplished executive team of TERN Financial bring fresh solutions to this incredibly dynamic sector of the global financial services industry,” said Mr. Russell.“I look forward to lending my accumulated knowledge at the board-level to help manage and leverage those opportunities.”

Recently retired from a 50-year career in risk management and insurance, the last 25 years as Managing Director with Marsh & McLennan Companies, Eckart Russell is a graduate of Hamburg University and Harvard Business School and is currently a consultant to major industrial corporations.