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NICSA ANNOUNCES LIFETIME ACHIEVEMENT AWARD RECIPIENT

Edward J. Falvey, retired industry leader and long-time NICSA supporter honored

MIAMI, February 21, 2007 - The National Investment Company Service Association (NICSA) awarded it’s highest honor, the NICSA Lifetime Achievement Award, to Edward J. Falvey during a ceremony on Wednesday at the association’s 25th Anniversary Annual Conference and Expo at the Doral Golf Resort in Miami, Florida.

The Board of Directors of NICSA awards the Lifetime Achievement Award only rarely, when an individual has had a successful career in the mutual funds industry, and also has made a significant contribution to the success of NICSA. The NICSA Lifetime Achievement Award honors Ed Falvey for having distinguished himself in both of these categories.

Ed’s career began in the banking world at New England Trust Company in Boston in the 1950’s. He managed the Mutual Funds Group at New England Merchants Bank until he moved to The Keystone Group in Boston in 1978. Ed had a distinguished career with Keystone and The Evergreen Group, where he served as President of the Evergreen Service Company until his retirement in 1998.

During his career, Ed also found time to teach at Northeastern University’s evening division and to participate in his church and community.

Ed has been a longtime supporter of NICSA and an outstanding leader within the organization. He served on the Board of Directors from 1974 until 1980. He was the Treasurer from 1975 –1978 and the President/Chairman from 1978-1980. He provided leadership on several executive steering committees including the National Education Committee, the Executive and Nominating Committees and the Membership and Marketing Committee. Ed was the Program Chair for the first NICSA Annual Operations Conference 25 years ago and has served on the East Coast Committee from its inception through present. To this day, he serves on the NICSA Board of Directors exofficio.

Ed has been mentor, confidant, advisor and friend to generations of NICSA boards, committees and individuals. The announcement of the award drew a standing ovation from the crowd of over 700 investment industry executives who were in attendance at the Association’s annual gathering. Also in attendance, was Ed’s wife of 48 years, Barbara Falvey. Ed resides in Hingham, MA.


About NICSA
The National Investment Company Service Association (NICSA) is a not-for-profit trade association providing leadership and innovation in educational programming and information exchange within the operations sector of the investment industry worldwide.

NICSA membership totals more than 400 companies operating in major financial centers worldwide. The membership represents all segments of the mutual fund industry including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services.

NICSA’s services to members include education, training and networking opportunities through conferences on a wide range of industry issues and developments, specialized publications, and access to a huge network of industry professionals in NICSAs membership directory. NICSA also offers the Certified Mutual Fund Specialist Program, the first-ever on-line learning certification program of its kind.

NICSAs website (www.nicsa.org) offers up-to-date information about all of the Associations programs and activities.