Rubingh have been named as Deputy Managing Directors.

Mr. Allison, a senior analyst/portfolio manager, also serves as the Chairman and Chief Executive Officer of W.P. Stewart Asset Management Ltd. and a Director of W.P. Stewart & Co., Inc.

Mr. Rubingh is a Managing Director and co-founder of TPR & Partners, N.V., an Amsterdam-based asset gathering and client servicing business which is expected to become part of the W.P. Stewart group after many years of close association with the firm.

"John Allison is one of our most valued senior managers,'' said William P.

Stewart, the company's Chairman and Chief Executive Officer.

"In his new capacity John will be responsible for developing our European research team and leading our global portfolio management effort.'' Mr. Stewart continued: "I believe we will greatly benefit from Peter Rubingh's vast experience in the areas of client service and asset gathering.

"Peter's role will become increasingly significant as we continue to expand our European operations.'' Mr. Allison has been with W.P. Stewart since 1995.

He began his professional career in 1973 as an analyst of global economic trends for the Canadian government.

Mr. Allison holds a B.A. from Princeton University, and an M.A. and M.Phil.

from Columbia University.

Mr. Rubingh is a co-founder and Managing Director of TPR & Partners N.V., an Amsterdam-based business which has concentrated on gathering assets and servicing clients for W.P. Stewart since TPR's inception in 1993.

The company also announced that Debra Randall had succeeded Michael A. Wood as Corporate Secretary.

Ms Randall, a certified Law Clerk in the Province of Ontario, Canada and a student member of the Institute of Chartered Secretaries, brings more than 11 years' experience in the legal and corporate services sector to this position.

W.P. Stewart & Co., Ltd. is an asset management company that has provided research-intensive equity investment management services to clients throughout the world since 1975.

The company is headquartered in Hamilton, Bermuda and has additional operations or affiliates in the United States, Europe and Asia.

W.P. Stewart & Co., Ltd.'s shares are listed for trading on the New York Stock Exchange (symbol: WPL), and on the Bermuda Stock Exchange (symbol: WPS).