SOURCE: Barclays Global Investors

January 25, 2007 04:00 ET

Barclays Global Investors Appoints Steve Monroe Global Head of Cash Management

SAN FRANCISCO, CA and LONDON -- (MARKET WIRE) -- January 25, 2007 -- Barclays Global Investors (BGI), one of the world's largest asset management firms, announced today that Steve Monroe has been hired as the Global Head of Cash Management.

In this role, Mr. Monroe will lead BGI's global cash collateral and direct cash product offering. He will be based in San Francisco and will report to Mike Williams, Head of BGI's Global Index and Markets Group. Dave Lonergan, Head of US Cash Management, and Jonathan Curry, Head of European Cash Management, will report to Mr. Monroe. As of December 31, 2006, BGI managed $199 billion in cash assets globally.

"BGI has a 25-year history in managing cash assets and has built out a successful global franchise in cash collateral and direct cash management," said Williams. "Steve has a wealth of knowledge and experience in the cash business, and his addition to the team will help keep BGI at the forefront of providing value-added cash investment products and solutions for our clients."

"I am pleased to join a firm with such long and rich history managing cash for institutions," said Monroe. "BGI has been an innovator in the cash management industry and I am looking forward to working with the entire team to build on our current leadership position."

Mr. Monroe joined BGI from JPMorgan Chase where he was Managing Director, National Sales Manager, Short Duration Products. Mr. Monroe earned a Bachelor of Arts degree in Economics from Williams College.

Barclays Global Investors (BGI) is one of the world's largest asset managers(1) providing structured investment strategies such as risk-controlled active strategies and indexing. In the US, BGI is one of the largest active managers(2), set apart by its risk-controlled approach. The firm managed over $1.6 trillion in assets as of June 30, 2006, for more than 2,800 clients in 52 countries around the world. BGI is a majority-owned subsidiary of Barclays Bank PLC.

(1) Source: "P&I/Watson Wyatt World 500," Pensions & Investments,
    September 4, 2006.
(2) Source: "Special Reports: Money Manager Directory," Pensions &
    Investments, May 29, 2006.