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Merrill Lynch 2003 Annual Report  
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 Executive and Operating Management

Executive and Operating Management

E. Stanley O’Neal (1)
Chairman of the Board
Chief Executive Officer and President

Rosemary T. Berkery (2)
Executive Vice President
General Counsel

Ahmass L. Fakahany (3)
Executive Vice President
Chief Financial Officer

Gregory J. Fleming (4)
Executive Vice President
President
Global Markets & Investment Banking

Dow Kim (5)
Executive Vice President
President
Global Markets & Investment Banking

Robert J. McCann (6)
Executive Vice President
Vice Chairman
Wealth Management Group

James P. Gorman (7)
Executive Vice President
President, Global Private Client

Robert C. Doll (8)
Senior Vice President
President and Chief Investment Officer,
Merrill Lynch Investment Managers

Candace Browning
Senior Vice President
Global Securities
Research & Economics

John W. Cummings
Senior Vice President
Global Technology & Services

Kevin Dolan
Senior Vice President
Tax Policy and Product Development

Jeffrey N. Edwards
Senior Vice President
Global Capital Markets
& Financing, Global Markets
& Investment Banking

Yoshiyuki Fujisawa
Senior Vice President
Chairman, Merrill Lynch
Japan Securities Company, Ltd.
Vice Chairman, Merrill Lynch
International Inc.

H. McIntyre Gardner
Senior Vice President
Co-Head, Americas Region,
Global Private Client

Terry Kassel
Senior Vice President
Human Resources

Robert E. Mulholland
Senior Vice President
Co-Head, Americas Region,
Global Private Client

John Qua
Senior Vice President
Merrill Lynch Global Bank Group

Kevan V. Watts
Senior Vice President
Chairman, Europe, Middle East
& Africa and Pacific Regions

Jason H. Wright
Senior Vice President
Communications & Public Affairs

Raymundo A. Yu
Senior Vice President
Chairman, Asia Pacific Region
Head, Europe, Middle East & Africa
and Pacific Regions
Global Private Client

Samuel R. Chapin (9)
Vice Chairman
Executive Client Coverage Group

Harry McMahon (10)
Vice Chairman
Executive Client Coverage Group

James B. Quigley (11)
Vice Chairman
Executive Client Coverage Group

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