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Peter S. Kraus Appointed Executive Vice President and Member of Management Committee
NEW YORK, May 5, 2008 — Merrill Lynch & Co., Inc. (NYSE: MER) today announced that Peter S. Kraus, 55, has been appointed executive vice president and a member of the firm's Management Committee. Mr. Kraus will report to John A. Thain, chairman and CEO of Merrill Lynch. Mr. Kraus will be responsible for overseeing the firm's business strategy and investments; global growth plans and opportunities, and corporate acquisitions. He will also lead initiatives to integrate the work of the corporate strategy and business development team with the efforts of the firm's senior business leaders around the world to identify cross-platform synergies.
"Peter Kraus will be a tremendous resource to me and the senior management team in identifying the best opportunities for growth and investment around the world," said Mr.Thain. "Peter's two decades of experience in the financial markets, including in investment banking, asset management, and private wealth management, will be a great asset to Merrill Lynch."
Most recently, Mr. Kraus was with Goldman Sachs Group Inc. for over 22 years where he was co-head of the Investment Management Division (IMD), and a member of the Management Committee. Mr. Kraus was also head of firmwide strategy and chairman of the Strategy Committee. Before joining IMD, Mr. Kraus was co-head of the Financial Institutions Group (FIG) until 2001.
Mr. Kraus is chairman of the Investment Committee of Trinity College, chairman of the Board of Overseers of CalArts, co-chair of the Friends of the Carnegie International, and a member of the board of the Keewaydin Camp.
Mr. Kraus earned an M.B.A. from New York University in 1975 and a B.A. from Trinity College in 1974.
Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 40 countries and territories and total client assets of approximately $1.6 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world's largest publicly traded investment management companies, with more than $1 trillion in assets under management. For more information on Merrill Lynch, please visit www.ml.com.
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