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WASSERSTEIN PERELLA APPOINTS JAVIER VEGA DE SEOANE AZPILICUETA SENIOR ADVISER IN SPAIN

               WASSERSTEIN PERELLA APPOINTS JAVIER VEGA
            DE SEOANE AZPILICUETA SENIOR ADVISER IN SPAIN
    NEW YORK, March 9 /PRNewswire/ -- Wasserstein Perella & Co. took the latest step in its international expansion today with the appointment of Javier Vega De Seoane Azpilicueta, a leading Spanish industrialist, as its senior adviser for Spain.
    Vega, age 45, is chairman of Gestlink S.A., a strategic consulting firm based in Madrid.  Previously, he was director general of Instituto Nacional De Industria (INI), chairman of Explosivos Rio Tinto S.A. and, most recently, chairman of ERCROS S.A.
    "Spain is a cornerstone of the European Community," said Joseph R. Perella, chairman of Wasserstein Perella.  "We have been active in Spain on behalf of our international clients, including the acquisition of Simago S.A. by Dairy Farm Ltd., and now want to step up our commitment to the market.  Vega brings the combination of industrial expertise and financial sophistication which we believe is necessary to provide sound advice to our Spanish and international clients."
    "Vega will work closely with our Spanish team, headed by a director of Wasserstein Perella," added Yves-Andre Istel, chairman of Wasserstein Perella International.  "I welcome him to our firm."
    Vega joins a number of senior industrialists who have been appointed to senior positions in Wasserstein Perella's European operations in the past 18 months.  These include Professor Franco Reviglio, senior adviser for Italy and former chairman of ENI and minister of finance of Italy; Lord Haslam of Bolton, chairman of Wasserstein Perella & Co. Limited in London and previously chairman of British Coal Corporation, British Steel Corporation and Tate & Lyle Plc and deputy chairman of ICI; Sir Peter Levene, deputy chairman of Wasserstein Perella & Co. Limited and former chief of defense procurement of the U.K. Ministry of Defense; and Dr. Helge Petersen, managing director of Wasserstein Perella & Co. Deutschland GmbH, previously chief executive of the Thurn-und-Taxis Group.  Most recently, Wasserstein Perella announced the appointment of Jean-Pierre Halbron as president of Wasserstein Perella (France) S.A. Halbron previously was executive vice president and chief financial officer of Total S.A.
    Wasserstein Perella has over 30 professionals based in its European operations, and 110 professionals worldwide.
    "Wasserstein Perella's international network and perspective, backed by its experienced team of professionals, is well-suited for the Spanish market," said Vega.  "With the local resources of Gestlink, we will be able to provide a unique quality of service to our Spanish and international clientele."
    Wasserstein Perella is a leading international investment bank headquartered in New York with European subsidiaries in London, Paris and Frankfurt and U.S. offices in Chicago, Houston and Los Angeles.  In Japan, the firm operates through Nomura Wasserstein Perella, jointly owned with Nomura Securities, which also is a minority shareholder in Wasserstein Perella.  Nomura Wasserstein Perella has offices in Tokyo and Osaka.
    -0-                  3/9/92
    /CONTACT:  Jeffrey A. Rosen, president of Wasserstein Perella & Co., 212-969-2700, or Susan Loewe of Clark & Weinstock, 212-953-2550, for Wasserstein Perella & Co./ CO:  Wasserstein Perella & Co. ST:  New York IN:  FIN SU:  PER SM-CK -- NY053 -- 6426 03/09/92 12:52 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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