Roy Fellowes has been appointed as the new chairman of the Education Awards Committee of the Association of Bermuda International Companies (ABIC).

ABIC administers the largest and most broadly supported scholarship programme in Bermuda.

Mr. Fellowes, of HSBC Insurance Solutions (Bermuda) Limited, succeeded David Holland of Fidelity International as chairman of the ABIC Education Awards (ABICEA) committee. ABICEA is now giving over $500,000 in scholarships each year to Bermudian students pursuing post secondary education at overseas universities.

?My goals are to continue the good work of David Holland and other previous chairmen, and to raise the awareness and the profile of the ABICEA, both in schools and with the general public,? Mr. Fellowes said.

?Many people in Bermuda are simply unaware of the significant contribution international companies are making through ABIC to support young Bermudians in their first two years of university.

Even some ABIC members are surprised at the size of total scholarship amounts involved.?

The ABICEA programme provides two year scholarships of $15,000 per year to Bermudian students pursuing higher education at accredited four year, degree granting colleges and universities in studies connected primarily to international business.

These scholarships also support Bermuda?s infrastructure, necessary for the efficient functioning of international business in Bermuda.

?Young Bermudians, particularly those at Government schools, need to know that ABIC scholarship opportunities are open to everyone and understand the process for applying.?

?Successful applicants are interviewed and scholarships are awarded based on academic and personal achievements, combined with a means test.?

The deadline for applications for the ABICEA is March 31.

Applications are available online at www.abic.bm or by contacting Fiona Lines at 295-8932 for further information.