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Press release from CNW Group

IBI Group Inc. Announces the Appointment of new Chief Financial Officer

Wednesday, May 04, 2011

IBI Group Inc. Announces the Appointment of new Chief Financial Officer08:00 EDT Wednesday, May 04, 2011TORONTO, May 4 /CNW/ - IBI Group Inc. (TSX: IBG) announced today the appointment and commencement of work of its new Chief Financial Officer, Mr. Anthony (Tony) Long, MBA, CAPhilip H. Beinhaker, Chairman Director of IBI Group and CEO of IBI Group Inc. stated that "Tony Long has the professional experience in the necessary financial areas, including in a public company environment, to assume this role in the growing activity of IBI Group, as the firm expands in the United States and internationally.  Tony's exposure includes international operations in multiple jurisdictions and currencies combined with a broad range of experience in corporate finance, financial controls, as well as both domestic and international tax planning and compliance.  IBI welcomes Tony as a strategic member of the Executive Management Team".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