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Press release from CNW Group

IBI Group Inc. Announces Appointment of Interim Chief Financial Officer

Friday, March 25, 2011

IBI Group Inc. Announces Appointment of Interim Chief Financial Officer17:15 EDT Friday, March 25, 2011TORONTO, March 25 /CNW/ - IBI Group Inc. (TSX: IBG) is pleased to announce the appointment of Michel Poitras as Interim Chief Financial Officer. Michel Poitras replaces Allan Kamerman, who is departing IBI Group Inc., and the Company thanks Allan for his many contributions to the company's success, and wishes him well in his future endeavours. The resources are in place to facilitate an orderly transition, and a search to select a new permanent Chief Financial Officer, with the participation of external consultants, is underway.Mr. Poitras is a Chartered Accountant and a Certified Management Accountant with 30 years of experience in finance and accounting. As a member of the Executive Committee of IBI Group, he holds the position of Vice-President - Finance with IBI/DAA Group in Montreal, as well as with the Beijing and Shanghai offices.  He participated in the integration of Daniel Arbour & Associates into IBI Group in 2006, and was also responsible for implementing the ISO 9001:2000 certification. Prior to joining the IBI/DAA group, Mr. Poitras was a partner with Raymond Chabot Grant Thornton.About IBI Group Inc.IBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG". IBI Group Inc. holds an indirect 72% interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc. and IBI Group Management Partnership) which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 28% of IBI Group is owned by IBI Group Management Partnership. On a partially diluted basis, assuming the exchange of its partnership units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 46% interest in IBI Group Inc.For further information: Philip H. Beinhaker, Chief Executive Officer, IBI Group Inc., 230 Richmond Street West, Toronto, Ontario, M5V 1V6, Telephone: (416) 596-1930