JBWere New Zealand CEO Comments on Merger

JBWere New Zealand CEO Comments on Merger

Thursday 27 March 2003, Auckland, New Zealand - Clark Perkins, CEO of JBWere (NZ) Limited says while the merger with Goldman Sachs is very positive for the company and its future as a major player in New Zealand, it is very much business as usual for JBWere in New Zealand.

"We are excited about the opportunities for JBWere to build and enhance its leading position and existing capabilities in partnership with Goldman Sachs, which is the pre-eminent global investment bank.

"For our clients and staff it will remain business as usual. We will continue to make decisions locally and clients will continue their existing adviser relationships," says Mr Perkins.

Mr Perkins says the merger is beneficial to JBWere's clients and its staff because it strengthens the ability of the company to compete on a much broader scale.

"Clients of the merged entity, Goldman Sachs JBWere, will have even greater access to global capital markets, particularly in Europe and the United States, together with an enhanced network of research, investment products and advice. We will be able to deliver a client focused, leading investment bank and securities business that is second to none.

"Our staff will now be working for a truly global investment company and we anticipate that the new company will open up significant opportunities and enhanced career options," says Mr Perkins.

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