Merrill Lynch Names Dwayne Redmond Director of African American Busine

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 24, 2005--Merrill Lynch (NYSE: MER) today announced that Dwayne Redmond will lead its African American Business Development Group. The group, launched in January, 2003, drives new business growth through targeted campaigns within the African American community. Mr. Redmond will also run the African American Virtual Network, working closely with Merrill Lynch branch offices to provide training for African American Financial Advisors.
    The African American Business Development group is part of Merrill Lynch's Multicultural and Diversified Business Development Group. Mr. Redmond succeeds Keith Henry who was recently named director of Merrill Lynch's Bridgewater, New Jersey complex.
    "Dwayne brings a wealth of strategic marketing experience to the African American Business Development Group," said Subha Barry, head of the Multicultural and Diversified Business Development Group. "Under his capable leadership, the African American Market initiative will continue to advance our commitment to serving diverse communities."
    The Multicultural and Diversified Business Development Group is focused on establishing Merrill Lynch as the preeminent wealth management firm among diverse and multicultural markets. One of the first markets on which the group focused was the Asian-Indian community in the United States. Other efforts are aimed at Hispanic-Americans, Women, American Indians, and the LGBT community (Lesbian, Gay, Bisexual and Transgender).
    Mr. Redmond began his career with Merrill Lynch in 2001 as a director in the firm's retirement group. Prior to joining Merrill Lynch, he held various roles at Prudential Retirement Services, New York Life Benefit Services, Mellon Trust, and Watson Wyatt. Mr. Redmond earned a B.S. and an M.B.A. from Suffolk University in Boston, Massachusetts.

    Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 36 countries and total client assets of approximately $1.5 trillion. As an investment bank, it is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. Firmwide assets under management total $478 billion. For more information on Merrill Lynch, please visit www.ml.com.

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CONTACT: Merrill Lynch & Co., Inc., New York Media Relations: Selena Morris, 212-449-7283 selena_morris@ml.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING CONSUMER/HOUSEHOLD MANAGEMENT CHANGES SOURCE: Merrill Lynch

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