S&P Index Services To Open New Office In Hong Kong

Standard & Poor's will open an Index Services office in Hong Kong, complementing its existing financial information and credit rating operations in Hong Kong. Mr. David A. Collins of Standard & Poor's Japan will relocate to Hong Kong to become managing director of the company's index business in the Asia-Pacific region, effective 1 August 2002. This new Hong Kong office will serve as the regional headquarters for the Asia-Pacific Index Services business. Standard & Poor's maintains other Asia-Pacific Index Services offices in Tokyo and Sydney.