AGE Edwards AG

New Hires Include Former Legg Mason Public Finance Head ST. LOUIS, Sept. 6 /PRNewswire-FirstCall/ -- Twelve public finance professionals from Legg Mason -- including Richard Marvin, former managing director and national manager of the firm's public finance operation -- have joined A.G. Edwards Public Finance, company officials announced today. "Not only are these individuals talented public finance bankers, but they also share our client-first approach," says Robert L. Bagby, chairman and chief executive officer of A.G. Edwards. "We're excited to welcome all of them to A.G. Edwards and are looking forward to providing the support needed as they continue working to develop financing solutions that meet our clients' objectives." Among the St. Louis-based firm's new hires is the former co-manager of Legg Mason's public finance effort. An industry veteran with nearly 20 years' experience, Richard Marvin joins A.G. Edwards as vice president and managing director of investment banking at the firm's Winston-Salem office. Mr. Marvin will continue to specialize in health care financing issues as he did at Legg Mason, where he participated in 150 financings with a par value of more than $4 billion. Also joining A.G. Edwards Public Finance are the following individuals: -- Marc Silver joins as managing director at the firm's Philadelphia office focusing on long-term care organizations. -- Paul Clancy joins as managing director at the firm's Philadelphia office focusing on higher education and 501(c)3 organizations. -- Bill Carlin joins as managing director at the firm's Philadelphia office focusing on Pennsylvania general government issuers. -- Dan Fox joins as managing director at the firm's Philadelphia office focusing on Pennsylvania general government issuers. -- Ryan Maher joins as vice president of investment banking at the firm's Winston-Salem office focusing on North Carolina general government issuers. -- Mark Quinn joins as vice president of investment banking at the firm's Philadelphia office focusing on Pennsylvania and New Jersey general government issuers. -- Lyman Wray joins as vice president of investment banking at the firm's Atlanta office focusing on Georgia general government issuers. -- Jeffrey Farhy joins as vice president of investment banking at the firm's Philadelphia office and specializes in long-term care organizations. -- Harvey Huffman joins as vice president of investment banking at the firm's Winston-Salem office focusing on North Carolina general government issuers. -- Marcus Smith joins as vice president of investment banking at the firm's Richmond office and specializes in higher education organizations and Virginia general government issuers. -- Stephen Anderson joins as an associate at the firm's Winston Salem office. "Having such a talented group of bankers join our firm will undoubtedly enhance our competitive position in a number of areas while giving us added geographical coverage -- especially on the east coast," says Amelia A.J. Bond, senior vice president and director of A.G. Edwards Public Finance. "They will also boost our expertise in a number of our existing specialty areas -- including higher education and health care financings." With the new additions, A.G. Edwards' Public Finance Department now employs 77 investment-banking professionals. Ranked 11th nationally by the Securities Data Corporation, A.G. Edwards completed more than $23 billion in tax-exempt financings last year. About A.G. Edwards For more than 115 years, individuals and businesses have turned to A.G. Edwards (NYSE:AGE) to develop strong personal relationships with financial professionals who are dedicated to providing sound investment advice and long-term financial strategies. By adhering to a client-first philosophy, the firm carefully tailors these strategies to fit each client's individual needs. A.G. Edwards and its affiliates encompass nearly 7,000 financial consultants in more than 700 offices nationwide and two European locations in London and Geneva. More information about A.G. Edwards & Sons, Inc. can be found at http://agedwards.com/ . Member SIPC. DATASOURCE: A.G. Edwards CONTACT: Margaret Welch, +1-314-955-5912, , or Pia Reinhold, +1-314-955-4651, , both of A.G. Edwards Web site: http://www.agedwards.com/

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