AGE Edwards AG

ST. LOUIS, Nov. 28 /PRNewswire-FirstCall/ -- A.G. Edwards officials announced today that Charles T. Forrest, 56, senior vice president and director of fixed-income trading for A.G. Edwards (NYSE:AGE), is stepping down to pursue his long-time interest in higher education. Assuming Forrest's responsibilities is John Harrington, 41, who has worked at A.G. Edwards for the past eight years as a vice president of fixed income institutional sales in the firm's Frontenac, Mo. branch office. The changes, which are effective immediately, mean that Harrington will now manage operations for the firm's trading desks in St. Louis and West Palm Beach, Fla. In addition, he will also oversee the firm's Beverly Hills, Calif. trading desk when it opens later this year. "Charlie has made many contributions to the firm - having managed both our Fixed Income and Public Finance Departments," said Peter M. Miller, executive vice president and director of the Sales and Marketing Division for A.G. Edwards. "We have valued his leadership, his integrity and his ability to take on new challenges throughout his career. We're going to miss Charlie, and we wish him well in his new endeavors. John's extensive institutional sales experience, along with his deep understanding of the fixed income marketplace and investments, will allow him to build upon the newly installed trading infrastructure Charlie helped establish. Those qualities, combined with his appreciation for our client-first approach to investing, will help John excel in his new role at A.G. Edwards." In a career of more than 30 years in the financial services industry, Forrest joined A.G. Edwards in 1987 as an investment banker specializing in municipal finance, after having previously worked in the areas of commercial banking and credit enhancement. In 1993, he was selected to manage the firm's west coast investment banking office in Los Angeles, where he led the A.G. Edwards financing team that helped Orange County, Calif. emerge from bankruptcy. He returned to St. Louis in 1997 to serve as the director of the firm's Public Finance Department and was elected to the board of directors of the company's brokerage subsidiary in 1998. Four years later, he took over the responsibility for fixed-income trading at the firm, where he most recently led the company's transition to a new, automated fixed-income trading platform. Harrington joined A.G. Edwards in 1997 and has 19 years experience in fixed income institutional sales. In that capacity, he has worked with money managers, financial institutions, and insurance companies to provide access to taxable and tax-exempt fixed income investments. Before joining A.G. Edwards, Harrington worked for Boatmen's Bank - now Bank of America - in St. Louis, and ABN AMRO in Chicago. He graduated from Marquette University with a Bachelor of Science degree in Business Administration and he earned a Master's degree in Business Administration from George Washington University. About A.G. Edwards Drawn to the firm's client-first philosophy, individuals and businesses have turned to A.G. Edwards & Sons, Inc. for sound advice and access to a wide array of investment products and services that can help them meet their financial goals and objectives. Founded in 1887, A.G. Edwards and its affiliates employ nearly 7,000 financial consultants in more than 700 offices nationwide and two European locations in London and Geneva. More information can be found on agedwards.com. A.G. Edwards does not render legal, accounting or tax preparation advice. You should consult your tax and legal advisors for questions regarding your specific situation. How we do business A.G. Edwards generally acts as a broker-dealer, but may act as an investment advisor on designated accounts, and the firm's obligations will vary with the role it plays. When working with clients the firm generally acts as a broker-dealer unless specifically indicated in writing. To better understand the differences between brokerage and advisory services, please consult "Important Information About Your Relationship With A.G. Edwards" on agedwards.com/disclosures. DATASOURCE: A.G. Edwards CONTACT: Margaret Welch of A.G. Edwards, +1-314-955-5912, Web site: http://www.agedwards.com/

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