Paris, November 24th 2008

Jean-Michel Berling has been appointed Head of Global Equity Capital Markets in the Global Investment Banking Division. He will report directly to François Kayat, Managing Director and head of GIB.

Jean-Michel Berling began his carrier in 1986 at JP Morgan, where he held various positions in Equity Capital Markets, Equity Derivatives and Investment Management in Paris, London and New York. In 1998, Jean-Michel joined Crédit Agricole Indosuez (which became Calyon) as Deputy Head of Equity Capital Markets.

Aged 47, jean-Michel Berling is a graduate of Ecole Centrale de Paris and of the Entrepreneurs section of HEC.

Andrea Bozzi has been appointed Head of Mergers and Acquisitions in the Global Investment Banking Division. He will report directly to François Kayat, Managing Director and Head of GIB.

Andrea Bozzi began his career in 1990 at Wasserstein Perella & Co (London/Paris) as a Mergers and Acquisitions analyst for France and Italy. In 1993, he taught a course for HEC students on various aspects of Mergers and Acquisitions. In 1994, he joined Lazard Frères & Cie, where he worked on Mergers and Acquisitions transactions in Paris and Milan and European projects in the insurance, automobile, aerospace and defense sectors. In 2001, he was appointed Managing Partner. He joined Calyon at the beginning of 2008 as Managing Director in Global Investment Banking Division.

Aged 41, Andrea is a graduate of HEC and holder of an advanced degree in accounting and finance (DECF).

About Global Investment Banking (GIB)
In the Coverage and Investment Banking department, Global Investment Banking gathers 180 experts worldwide, in charge of equity financing operations for corporates. Calyon is also active in advisory to investment funds and private placement. GIB covers Mergers and acquisitions, Equity Capital Markets and Corporate Finance.