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ALEXANDER & ALEXANDER FORMS PRIVATIZATION CONSULTING GROUP

 NEW YORK, Oct. 20 /PRNewswire/ -- Alexander & Alexander Services Inc. (A&A) (NYSE: AAL) today announced it has formed a Privatization Consulting Group to assist governments, state-owned enterprises, purchasers of companies and other third parties involved in the privatization process.
 A&A's consultants help with all aspects of the privatization process, from valuation of assets, risk assessment and treatment to organizational analysis, management training and benefits administration.
 Leonard J. Battifarano, the group's managing director, said, "The privatization process includes several variations on a general theme. Our goal is to help clients navigate the financial and organizational challenges which surround their particular transaction and emerge successfully."
 A&A's Privatization Consulting Group is based at 1185 Avenue of the Americas, New York, NY 10036-2684. Mr. Battifarano can be reached by telephone at 212-238-1168; or by fax: 212-238-1038.
 A&A Services Inc. is a global organization of professional advisers providing risk management, insurance brokerage and human resource management consulting services from offices in more than 80 countries.
 -0- 10/20/93
 /CONTACT: Allison Hayes of A&A, 212-444-4577/
 (AAL)


CO: Alexander & Alexander Services Inc. ST: New York IN: FIN SU: PDT

GK -- NY059 -- 4533 10/20/93 11:38 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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