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NYSE Appoints Bryant W. Seaman III As Group Executive Vice President, International

Date 12/12/2002

The New York Stock Exchange has appointed Bryant W. Seaman III as group executive vice president, International, effective immediately. Mr. Seaman, 49, who has extensive experience in global investment banking and corporate finance, will report to Robert G. Britz, president, co-chief operating officer and executive vice chairman.

Mr. Seaman will be responsible for developing new non-U.S. listings for the NYSE, maintaining relationships with listed non-U.S. companies, dealing with regulatory issues in the U.S. as they relate to non-U.S. listings, and coordinating relationships with exchanges in other nations. He also will be a member of the NYSE's Management Committee and will be responsible for the NYSE's offices in London, Tokyo and Hong Kong.

"Bryant's insight and experience in the field of international finance make him an outstanding candidate to lead our International team," said Mr. Britz. "The growth of the NYSE as a global market continues to be an important goal not only for the NYSE but also for issuers and investors around the world, and Bryant is ideally qualified to help us further that goal."

"The New York Stock Exchange is recognized as the global leader among equities markets, and this is an exciting opportunity to join the NYSE and help extend that leadership," said Mr. Seaman. "I'm looking forward to building on the Exchange's past success and being part of the NYSE's mission to enhance the global capital-raising process for the benefit of companies and investors worldwide."

Mr. Seaman succeeds Georges Ugeux, who had held the position since 1996. Mr. Ugeux, 56, will continue to report to Mr. Britz as senior managing director and will continue to represent the Exchange with the international community.

Mr. Seaman had been with The Chart Group, engaged in corporate finance and providing strategic advice since February, 2002. Prior to that, from 1998-2001, he was with Deutsche Banc Alex. Brown, most recently as managing director, Telecom and Media Investment Banking. Before joining Deutsche Banc, Mr. Seaman was co-head of Global Corporate Finance for CS First Boston, where he worked for 12 years in international investment banking and equity capital markets.

He earned his MBA and JD from Columbia University and an AB from Stanford University.

The NYSE has nearly 2,800 listed companies, with a combined $13.3 trillion total global market capitalization. Of those 2,800 listed companies, the NYSE list includes 470 non-U.S. companies from 51 countries, representing a total global market capitalization of $3.8 trillion, which, if ranked as a stand-alone market, would be the world's second biggest equities market, after the Exchange itself.