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RODMAN & RENSHAW FULLY OPERATIONAL IN TEMPORARY OFFICE SPACE FOLLOWING CHICAGO LOOP FLOODING

 RODMAN & RENSHAW FULLY OPERATIONAL IN TEMPORARY OFFICE SPACE
 FOLLOWING CHICAGO LOOP FLOODING
 CHICAGO, April 20 /PRNewswire/ -- Rodman & Renshaw Capital Group, Inc. (NYSE: RR) said today it was fully operational in temporary office space, following flooding last week that forced it to evacuate its Chicago Loop headquarters.
 "Despite the fact that we've had to relocate, it's 'business as usual' at Rodman & Renshaw," said Kurt B. Karmin, chairman and chief executive officer. "Our records are 100 percent up-to-date, and we are fully functional in all aspects of our back office capability."
 The firm's retail operation has temporarily moved to Northbrook, Ill., where Rodman & Renshaw maintains a retail office, Karmin said. The Fixed Income Securities Department and the Commodity Futures and Options Department have both relocated to 221 N. LaSalle in Chicago. The Public Finance Department and Investment Banking have temporarily moved to the downtown offices of Chicago law firm Altheimer & Gray.
 "We hope to be back to our main offices at 120 S. LaSalle Street in the next week or so, but our priority is serving our clients' needs wherever we happen to be," Karmin said.
 TELEPHONE NUMBERS
 Retail 708-205-2600
 Fixed Income Securities 312-739-2346
 Commodity Futures and Options 312-739-2346
 Public Finance 312-715-4827
 Investment Banking 312-715-4937
 Rodman & Renshaw Capital Group, Inc., through its principal subsidiary, Rodman & Renshaw, Inc., is a full-service securities and commodities broker/dealer and investment banking firm with more than 500 employees. Headquartered in Chicago, Rodman & Renshaw has branch offices in New York; Kansas City; Northbrook, Ill.; and London. The firm also has a joint venture headquartered in Vienna, Austria.
 -0- 4/20/92
 /CONTACT: Norman E. Mains, president & COO of Rodman & Renshaw, 312-739-2346; or Michael Rosenbaum or Janet Denefe of The Financial Relations Board, 312-266-7800, for Rodman & Renshaw/
 (RR) CO: Rodman & Renshaw Capital Group Inc. ST: Illinois IN: FIN SU:


TS -- NY058 -- 0094 04/20/92 13:06 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:310
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