News Release

NASD Appoints Andrew J. MacMillan as Senior Vice President of Corporate Communications

Washington, D.C.—The National Association of Securities Dealers, Inc. (NASD®), today announced the appointment of Andrew J. MacMillan as Senior Vice President of Corporate Communications, effective January 19, 1999.

MacMillan will be responsible for corporate communications functions including media relations, public relations, communication services (Web and multimedia design/development, editorial services, and production services) for the NASD and its subsidiaries, and employee communications for the entire NASD family of companies.

"Andrew’s depth of experience in global corporate communications will serve us extremely well as we continue to grow our business over the next decade. To serve the needs of investors, issuers and members, it is important that the NASD communicate with great effectiveness, both internally and externally. We are delighted that Andrew has agreed to oversee this critical part of our enterprise," said Frank G. Zarb, Chairman and CEO of the NASD and The Nasdaq-Amex Market GroupSM.

MacMillan will report to Salvatore F. Sodano, Deputy Chief Operating Officer and Chief Financial Officer of the NASD.

MacMillan served for the past 12 years as Director of Corporate Communications for Credit Suisse First Boston (CSFB) in New York City, where he managed communications activities for a number of global acquisitions, played a key role in helping to resolve Holocaust-related financial claims that involved CSFB and other Swiss entities, and raised the firm’s profile in key financial media. Among his other accomplishments were the conversion of firmwide employee communications to e-mail distribution, expansion of Internet/intranet usage, and the preparation, each year, of the CSFB Annual Review.

Prior to his employment at CSFB, MacMillan served as Vice President of Strategic Planning at National Medical Enterprises of Santa Monica, California; and Vice President of Strategic Planning, International Business Development and U.S. Acquisitions, at American Medical International of Beverly Hills, California.

MacMillan earned a Master in Business Administration, from Harvard University, and a Bachelor of Science in Industrial and Management Engineering from the University of Iowa. He is a member of the Securities Industry Association New York PR Roundtable.

The NASD, is the largest securities-industry, self-regulatory organization in the United States and parent organization of NASD Regulation, Inc., and The Nasdaq-Amex Market Group. Through its regulatory subsidiary, the NASD develops rules and regulations, provides a dispute resolution forum, and conducts regulatory reviews of member activities for the protection and benefit of investors. Through the Nasdaq-Amex Market Group, the NASD operates The Nasdaq Stock Market® and the American Stock Exchange (Amex®) in a unique dual market structure that brings together the central auction specialist and multiple Market Maker systems. The NASD oversees the nation’s 5,600 brokerage firms and more than half a million registered brokers. Consumers can contact the NASD to obtain the disciplinary and work histories, as well as other selected background information, of member firms and individual brokers or to get information on how to lodge a complaint.

For more information about the NASD and its subsidiaries, please visit the following Web sites: http‌://www‌ and  http‌://www‌; http‌://www‌; or the Nasdaq-Amex NewsroomSM at http‌://www‌