NEWS RELEASE
March 9, 1999
The Stock Exchange Appoints Merrill Lynch as Financial Advisor
The Stock Exchange of Hong Kong today (Tuesday) announced that it has appointed Merrill Lynch (Asia Pacific ) Limited as the Financial Advisor to the Exchange on its demutualisation and merger with the Hong Kong Futures Exchange and associated clearing houses.
Merrill Lynch is one of the world's foremost financial management and advisory companies, with offices in 41 countries and total client assets exceeding US$1.4 trillion. As an investment bank, it is a leading strategic advisor to corporations, governments, institutions, and individuals worldwide and the top global underwriter and market maker of debt and equity securities. Merrill Lynch first established an office in Hong Kong in 1960 and made Hong Kong its Asian headquarters in 1968. The firm became a member of the Stock Exchange of Hong Kong in 1987 and currently employs nearly 700 people in Hong Kong.
Corporate Communications Department
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