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MERRILL LYNCH PRIVATE CLIENT GROUP ANNOUNCES MANAGEMENT APPOINTMENTS

 NEW YORK, Sept. 8 /PRNewswire/ -- Merrill Lynch today announced several management appointments in its Private Client Group:
 Senior Vice President J. Arthur Urciuoli will become director of marketing in the Private Client Group, a new position. Mr. Urciuoli, a 25-year Merrill Lynch employee, has served most recently as director of Business Financial Services.
 Madeline A. Weinstein will become director of Strategic Professional Development, also a new position. Ms. Weinstein, a Merrill Lynch employee for the past 14 years, has served most recently as first vice president and director of Private Client Human Resources and Training.
 G. Stephen Thoma has been named director of Business Financial Services, filling the vacancy created by Mr. Urciuoli's new appointment. Mr. Thoma has been with Merrill Lynch for 27 years and most recently served as first vice president, Business Financial Services and director of Group Employee Services.
 Ms. Weinstein and Mr. Thoma will also become senior vice presidents.
 The appointments were announced by Daniel P. Tully, chairman and CEO of Merrill Lynch & Co., Inc. (NYSE: MER), and John L. Steffens, executive vice president of the Private Client Group and a member of the office of chief executive of Merrill Lynch & Co., Inc.
 Mr. Tully said: "Merrill Lynch has built the strongest private client franchise in our industry, with over one-half trillion dollars in client assets. These management appointments are designed to help ensure that we sustain and advance this leadership position on behalf of our clients in the years ahead."
 Mr. Steffens said: "In an increasingly complex world, with a global proliferation of investment options, clients are demanding value and quality in the services and products they select. Arthur Urciuoli, Madeline Weinstein and Stephen Thoma will work with Bill Sullivan, senior vice president, Individual Financial Services, and our entire senior management team to anticipate client needs and make sure the full resources of Merrill Lynch are mobilized to deliver the highest quality of advice, products and services to our clients."
 As the senior Private Client marketing executive, Mr. Urciuoli will oversee market planning and research, Private Client advertising and marketing communication activities, services to priority households, CMA(R), CBA(R), and consulting services accounts, financial planning services and quality assurance. He will also chair the Private Client Marketing Coordination Committee comprised of the national sales directors and business unit heads.
 "Arch Urciuoli is a knowledgeable and exceptionally capable executive with broad experience in many different areas of financial services. He is a client-focused leader who, in his new role, will help advance our strategy of serving as a trusted global advisor to our clients throughout their lives," Mr. Steffens said.
 Mr. Urciuoli joined Merrill Lynch in 1969 as an international investment banker and served as president of Merrill Lynch International and chairman of the London-based Merrill Lynch International Bank from 1978 to 1983. In 1984 he became head of Business Financial Services, where he was instrumental in developing Merrill Lynch's client service strategy for small and mid-sized businesses. In 1988 he led development of the firm's Consults(R) wrap account. Since 1990 he has also directed Group Employee Services, which provides 401(k) and other employee benefit services to corporations.
 As director of Strategic Professional Development, Ms. Weinstein will be responsible for ensuring that Merrill Lynch clients have the benefit of the best-trained, best-supported and most technologically advanced complement of financial consultants in the industry. In partnership with National Sales, she will oversee professional development for financial consultants and sales managers, recognition programs, strategic technology development for the branch office system, and special team-building initiatives to advance the delivery of multiple, specialized client services.
 "Maddy Weinstein has been a key member of the Private Client Executive Committee for a number of years. Her strategic insight has played an important role in advancing employee development efforts. She has worked closely with the executive team to ensure Merrill Lynch's position as an organization committed to teaching and learning," said Mr. Steffens.
 Since joining Merrill Lynch in 1979, Ms. Weinstein has been credited with the continued development of the firm's systematic approach to training financial consultants and managers, and with advancing Merrill Lynch's reputation as an employer of choice within the financial services industry.
 As senior vice president and director of Business Financial Services, Mr. Thoma will be the senior executive in charge of the firm's services to small and mid-sized businesses and their owners, as well as employee savings and benefits programs such as 401(k)'s for large and small corporations.
 "Steve has been instrument in developing and implementing our highly successful strategy for serving this important and growing client segment, and we are delighted he will now lead this effort," Mr. Steffens said.
 Mr. Thoma joined Merrill Lynch in 1966 as a member of the Junior Executive Training program, and subsequently has served in a number of positions including financial consultant, regional sales manager, resident vice president and assistant to the president and director of corporate planning. He joined the firm's Business Financial Services unit in 1985, where he worked with Mr. Urciuoli to develop retirement products and services for small to mid-sized businesses and to successfully implement the Consults account. Since 1991 he has spearheaded the firm's strategic presence in the 401(k) and employee benefits market for large to mid-sized corporations.
 The Merrill Lynch Private Client Group provides investment services, private banking, insurance, credit products and services, and financial portfolio planning and management services to more than six million individual and business client accounts in over 500 offices in the U.S. and 27 countries.
 -0- 9/8/93
 /CONTACT: Fred Yager, media relations of Merrill Lynch, 212-449-7355/
 (MER)


CO: Merrill Lynch & Co., Inc. ST: New York IN: FIN SU: PER

GK-WB -- NY028 -- 9775 09/08/93 11:45 EDT
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Date:Sep 8, 1993
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