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KEMPER FINANCIAL SERVICES ANNOUNCES MAJOR EFFORT TO FURTHER ENHANCE INTERNATIONAL INVESTMENT CAPABILITIES

KEMPER FINANCIAL SERVICES ANNOUNCES MAJOR EFFORT TO FURTHER ENHANCE
 INTERNATIONAL INVESTMENT CAPABILITIES
 CHICAGO, Jan. 8 /PRNewswire/ -- Kemper Financial Services, Inc. (KFS), today announced that the firm had undertaken a major effort to further enhance its international investment capabilities for both its mutual fund and institutional clients. The announcement was made by Stephen B. Timbers, senior executive vice president and chief investment officer of KFS.
 Included in this effort, Timbers said, was the establishment of offices in both Hong Kong and Mexico City, and the relocation of several analysts to those offices. KFS already has a London-based global fixed- income group, Kemper Investment Management Company Limited (KIMCO), which consists of eight people, and two equity specialists at the location dedicated to covering companies in the U.K., continental Europe (including Eastern Europe), New Zealand and Australia. Established in 1988, KIMCO provides services to KFS in connection with non-U.S. fixed- income investments. Currently, KFS and its KIMCO subsidiary manage approximately $1.5 billion in international fixed-income assets and over $435 million in international equity assests.
 "We believe that the amount of international assets that our firm manages for both its mutual fund and institutional clients will increase significantly in the coming years. We also believe that international investing will take on even greater importance for our clients. Therefore, we are committed to developing the very best global fixed- income and equity investment expertise. Opening new offices and putting our geographic investment experts closer to the companies and markets that they cover is part of that commitment," Timbers said.
 "In addition, Latin America, Asia and the Pacific Rim countries are some of the areas that we think present our firm with tremendous opportunities, in terms of investments, asset management, and joint venture possibilities. We are extremely excited about Kemper's prospects for expanding its scope of business activities in these parts of the wor"?
 "Kemper has been steadily expanding its international capability to meet the needs of individual and institutional investors," added Stephen G. McConahey, KFS executive vice president and head of international business development for Kemper Corp., Kemper Financial Services' parent. "We see opportunities for growth in both the Far East and Latin America, and the opening of offices in Hong Kong and Mexico City are further steps in this direction," he said.
 Timbers said the Hong Kong office, Kemper International Management Inc., is headed by Afzal (Tony) Raza, who joined KFS in March 1991. Kemper International Management Inc. is responsible for developing asset management business opportunities in the Far East and Pacific Rim, and will work with other Kemper Corp. subsidiaries to help develop additional business relationships.
 David J. Linehan, a KFS vice president and analyst in its Chicago headquarters, will be relocated to this office to more closely cover the international companies that he follows, Timbers added. From Hong Kong, Linehan will primarily be responsible for covering Japan, Hong Kong, Singapore, and Malaysia, and will subsequently expand his focus to include such countries as Thailand, Korea, Indonesia, Singapore, Sri Lanka, the Philippines and Taiwan.
 Carolyn D. Schloss, a KFS vice president and analyst also in Chicago, will be moving to Mexico City to establish an investment research office for the company there, Timbers said.
 Schloss joined KFS in 1985 as an associate analyst. In 1987 she was named an international analyst, and in 1988 her responsibilities broadened to include domestic as well as international companies. She also assists in the management of international portfolios for the regions of Latin America and continental Europe, including Eastern Europe.
 In November, KFS announced that Stephen P. Dexter, a Chicago-based vice president and analyst, would be moving to London. Dexter will be one of the two KFS equity analysts that will work out of the KIMCO office. Dexter will be responsible for the U.K., New Zealand, Canada and Australia, and will be expanding his responsibilities to cover other regions.
 Finally, Timbers announced that Kemper Financial Services' overall international investment effort would be directed by Gordon P. Wilson, who has been promoted to executive vice president and head of international investments. Wilson, who has been with Kemper since 1966, and a senior vice president since 1980, had previously been responsible for Kemper's international equity efforts. His other responsibilities also include portfolio management, having acted as a portfolio manager for more than 20 years.
 Linehan joined KFS in 1985 as an equity investment analyst. Prior to joining the firm, he was a portfolio manager for emerging growth funds at Sears Investment Management Company, and also worked for Harris Bank as an investment analyst. He is a 1977 graduate of Siena College, where he received his B.S. degree in biology. Linehan received his M.B.A. degree from Northwestern University's Kellogg Graduate School of Management in 1980. He is a chartered financial analyst and a member of the Chicago Science Analyst Group.
 Schloss holds a B.S. in Finance from Miami University (Oxford, Ohio) and an M.B.A. from the University of Chicago.
 Raza came to Kemper Financial Services from Bankers Trust Investment Management Ltd., where he was a director. In Hong Kong, he established a Representative Office for Bankers Trust for the purpose of cultivating international and global investment management for the company. Before that, Raza worked at the firm's London headquarters with responsibility for the asset allocation process, and for marketing to the Middle East. Other assignments includes syndications director of Bankers Trust Asia-- a Hong Kong Merchant Bank, corporate banking in New York, and opening a Representative Office in Jakarta. He joined Bankers Trust in New York in 1969. Raza received a B.A. degree from the University of Scranton in 1966, and an M.B.A. from Fordham University that same year.
 Kemper Financial Services is an asset management and financial products company and a subsidiary of Kemper Corp.
 -0- 1/8/91
 /CONTACT: Martin Gawne, 312-845-1905, or Steve Radis, 312-917-8393, both of Kemper Financial Services/
 (KEM) CO: Kemper Financial Services Inc.; Kemper Corp. ST: Illinois IN: FIN SU: PDT


KD -- NY074 -- 7681 01/08/92 10:23 EST
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