Merrill Lynch Selects Canada for New Technology Center; Several Hundred New Jobs to Be Created

    TORONTO, October 9 /CNW/ - Merrill Lynch, one of the world's leading
wealth management, capital markets and advisory companies, today announced it
has selected Toronto as the location for a new technology center.

    Several hundred highly-skilled professionals in the financial services
and technology fields will be employed at the Center, many of whom will be
chosen from Canada's extensive pool of talent in the fields of technology and
financial services.

    Lynn Patterson, country head for Merrill Lynch Canada, said: "Today marks
an important milestone in Merrill Lynch's more than 50-year presence in
Canada. To expand and maintain our competitive edge we need constant access to
the world's best pools of talent, which is why we have selected Toronto as the
location for our new Technology Center."

    The Center will house a number of 'Centers of Excellence' - where
technology teams will create innovative systems for such Merrill Lynch
businesses as Global Data Management and Business Intelligence Solutions, Risk
and Analytics Services, and Financial Futures and Options.

    "The Toronto Center will be the latest in a series of research and
innovation technology centers spread throughout the world in order to capture
the best possible pools of talent and to support growth opportunities around
the world," said Ajit Naidu, head of Global Equity Markets & Services
Technology. Other Centers exist in Singapore, Camberley (UK), Dublin, and
Jacksonville (Fla.).

    "The Toronto technology hub will create jobs for Canada, enhance our
efficiency and strengthen our business model," said Ms. Patterson. "In doing
so, we believe this move cements our already strong presence in Canada and
lays the foundation for even stronger growth in years to come."

    About Merrill Lynch

    Merrill Lynch is one of the world's leading wealth management, capital
markets and advisory companies, with offices in 38 countries and territories
and total client assets of approximately $1.7 trillion. As an investment bank,
it is a leading global trader and underwriter of securities and derivatives
across a broad range of asset classes and serves as a strategic advisor to
corporations, governments, institutions and individuals worldwide. Merrill
Lynch owns just under half of BlackRock, one of the world's largest publicly
traded investment management companies, with approximately $1 trillion in
assets under management. For more information on Merrill Lynch, please visit

For further information:

For further information: Merrill Lynch & Co., Inc. Media Relations
Danielle Robinson, 212-449-0097

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