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FITCH TO OPEN NEW OFFICES IN DALLAS, CHICAGO -- FITCH FINANCIAL WIRE --

 NEW YORK, July 9 /PRNewswire/ -- Fitch today announced that it will open new representative offices in Dallas and Chicago. Jim Forte, current finance director of Plano, Texas, will become Fitch's regional manager in Dallas. The Chicago office will be headed by Michael D. Belsky, who joins Fitch from Chicago-based Mesirow Financial, Inc.
 The offices are being established to enhance communication between Fitch and major market participants throughout the southwest and midwest, especially in public finance. These are Fitch's first regional offices since the company was recapitalized in 1989. Fitch plans to establish another regional office by year-end in California.
 Mr. Forte will be a senior vice president. He started his career in Plano city government 16 years ago as capital projects coordinator and later became the city's first budget director. As finance director, he was responsible for all aspects of the city's cash management and investments, financial analysis and reporting, and financial policy development. He was named 1991 Outstanding Finance Officer by the Government Finance Officers Association of Texas. He is a member of the national GFOA's Standing Committee on Governmental Debt and Fiscal Policy.
 Mr. Belsky managed a full service public finance department serving state and local governments, agencies, and authorities, as a senior vice president at Mesirow. He also previously served as assistant to the Illinois attorney general and in the public finance department of Northern Trust Co.
 Both Mr. Forte and Mr. Belsky will report to Richard S. Wilson, executive managing director of business development. The Chicago office will open on July 12 while the Dallas office will open around Labor Day.
 -0- 7/9/93
 /CONTACT: David D. Nixon, 212-908-0573 or Byron D. Klapper, 212-908-0565/


CO: Fitch ST: Texas, Illinois IN: FIN SU:

LG -- NY052 -- 9956 07/09/93 13:37 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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