CHICAGO and NEW YORK, Sept. 20 2004 LAWFUEL – Best for law n…

CHICAGO and NEW YORK, Sept. 20 2004 LAWFUEL – Best for law news, legal research, law firm, attorney, banking law news Sandler O’Neill & Partners,
L.P., a full-service investment banking firm specializing in financial
services companies, announced today that it has hired two new Managing
Directors in its Investment Banking Department. Richard Goldberg and Michael
Kraines both join the firm from Dresdner Kleinwort Wasserstein in New York and
Chicago, respectively. Goldberg and Kraines will join Sandler O’Neill’s
expanded efforts advising securities and investment management firms,
including financial technology, asset management and broker dealer firms as
well as exchanges and other financial services companies. Goldberg will be
responsible for overseeing the firm’s investment banking efforts in this area.

Collectively, Kraines and Goldberg have over 30 years of investment
banking experience. Goldberg and Kraines come to Sandler O’Neill after
spending 11 years at Dresdner Kleinwort Wasserstein (DKW) and its predecessor
Wasserstein Perella. Goldberg was most recently head of the North American
Financial Institutions Group at DKW and Kraines worked as a Managing Director
focused on financial institutions mergers and acquisitions. Previously,
Goldberg worked as a Vice President at Lazard Freres & Company. Goldberg
began his investment banking career as a member of the Financial Institutions
Group of Lehman Brothers Kuhn Loeb. Goldberg earned a B.A. from Boston
College and an MBA from the Wharton Graduate School of Business at the
University of Pennsylvania.

Prior to DKW, Kraines was an Associate in the investment banking group of
Credit Suisse First Boston and at the law firm of Kirkland & Ellis. Kraines
holds a BA from Cornell University, an MBA from the University of Chicago and
a JD from Harvard Law School.

During their tenure at DKW and Wasserstein Perella, Goldberg and Kraines
worked on a wide variety of projects including recapitalizations,
restructurings and mergers and acquisitions for commercial banks, securities
firms, asset managers and other financial services firms. At DKW they were
involved in many deals including UBS’s merger with Paine Webber, Credit
Lyonnais’ sale of its electronic brokerage business to the Bank of New York
and Natexis Banques Popularies acquisition of Arnold & S. Bleichroeder. They
also provided ongoing strategic advice to the Chicago Board Options Exchange.

“We continue to recruit talented, experienced individuals to strengthen
our Investment Banking Department,” said Brian Sterling, Co-Head of the
Investment Banking Group at Sandler O’Neill. “The securities and investment
management areas represent a real opportunity for us. Richard and Michael are
leaders in this area and we are thrilled about their joining us to spearhead
our efforts. They have a broad range of skills, experience and relationships
which can only add to our firm and our clients.”

“I am delighted to join the excellent team at Sandler O’Neill,” said
Goldberg. “The firm has an outstanding franchise in financial services and is
building its presence among securities and investment management firms. I’m
thrilled to have the opportunity to use my experience to help develop that
area and contribute to better serving all of the firm’s clients.”

“I am pleased to be joining a firm that is a recognized leader in
financial services,” said Kraines. “I am eager to start working with my new
colleagues and clients and to bring the full resources of the firm to bear for
the benefit of our clients.”

About Sandler O’Neill & Partners, L.P.

Founded in 1988, Sandler O’Neill & Partners is a full-service investment
banking firm dedicated to providing comprehensive, innovative advisory, and
transaction execution services to the financial industry. The firm specializes
in strategic business planning, mergers and acquisitions, capital markets,
mutual-to-stock conversions, investment portfolio and interest rate risk
management, fixed income securities transactions, and mortgage finance
restructurings. Sandler O’Neill is also a market maker in hundreds of
financial stocks and publishes equity and fixed income research focused on
selected banks, thrifts and insurance companies, credit card companies,
investment banks, asset managers and specialty finance companies.

Additional information about Sandler O’Neill can be found at

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