Merrill Lynch

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Merrill Lynch
womenintechnology
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InvestmentBankingTechnology

• Jane Philips
• Adrian Pearce
• Stewart Carmichael
• February 28 2007

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Welcome to Merrill Lynch

• Jane Philips
• Director
• Global Technology
• Infrastructure

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Evening Agenda

• Introduction
• Technology at Merrill Lynch
• Careers in Investment Banking Technology
• Carolyn Jones
• Richa Rustagi
• Its all about Angie Le Mar
• Drinks

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Introduction to Merrill Lynch

• Global Private Client
• Global Markets
• Investment Banking

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MLCo 4Q06 and Full Year Results
( billions)

Net Revenue
u

Pre-Tax Earnings
u

After-Tax Earnings
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EPS
ROE
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Analysts reactions
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EMEA Competition 2006
Competitor US Investment Bank
ML GMI (EMEA)
GMI includes Private equity for comparability
Source GMI Finance
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Merrill Lynch Outperformance
ML significantly Outperforms major indices
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Welcome to Merrill Lynch

• Stewart Carmichael
• Managing Director
• Global Technology Infrastructure

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Technology at Merrill Lynch

• Infrastructure
• core networks, data centres and end user services
• Applications Development
• design, develop and implement applications
  thatenhance the business
• Common Themes
• pursuing a path of continuous innovation
• managing a well run, trouble free environment

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Technology at Merrill Lynch

• Supporting business growth by developing ground
  breaking technology
• Turning new ideas into new products
• Driving change
• Recruiting the best talent
• Developing a personalised career framework for
  each employee

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Industry Innovation

• Greater acceleration in the pace of change
• Shorter product life cycles (faster
  commoditization)
• Explosive growth in key areas (e.g. hedge funds,
  program trading, credit derivatives)
• Volumes are growing exponentially, while margins
  shrink

Impact on Technology
Profits are dominated by smart businesses (e.g.
complex derivatives) and highly automated
businesses (e.g. rates)
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Business growth

• Greater client sophistication and independence
• Desire for self-service channels
• Desire for tools and information to implement
  strategies
• Desire to manage risk through derivatives and
  structured products
• Increased Geographic Diversity (Russia, Dubai,
  Turkey..)

Impact on Technology
The lines between clients, businesses,
technology, and vendors continue to shift
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Technology is Driving change
New Initiatives

• Capabilities
• Geographical Diversity
• Mobile Computing
• Global Support Model
• Data Center Strategy
• Low Latency Trading Infrastructure
• Client Experience Data Program

• Structure
• Global Markets Integrated Client Services
• Derivatives Client Services Operations
• Processing Sourcing Strategies
• Information Risk

• Skills
• ML Career Framework
• ML Tech Track
• Campus Recruiting

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Welcome to Merrill Lynch

• Adrian Pearce
• Managing Director
• Global Business Technology

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Technology Careers
turning new ideas into new business products.

• Performance driven
• delivering innovative client focused solutions
• fast paced to provide competitive advantage
• collaborative teams working with business
  professionals globally

Our environment

• Hugely successful Global Franchise
• We run one of the biggest and fastest technology
  platforms
• Ground breaking technology - state of the art
  solutions
• Best in class industry recognition

Scale and Opportunity
limitless potential

• ML Technology Career Framework
• Technical And Managerial Career Paths
• Actively managed mentoring and leadership
  programmes
• World Class Training through ML University
• Global mobility linked with career development

the difference
Career Management

• We have the Best
• They are delivery focussed rewarded
• Collaborative global network
• Dynamic and empowered
• Inclusive and Diverse

Our People
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Support for Industry Growth

• Partnership with other Investment Banks to build
  a unique educational programme at UCL
• Masters Conversion Course in Financial Computing

Structured to allow industry to drive a large
part of the training agenda, this 12 month MSc
programme provides graduates with the technical
skills required for a career in the City. The
programme is open to Home, EU and overseas
students. Key Features Industry partners take
part in teaching, with face-to-face student
contact. Students undertake a 3-month summer
project with a host industry partner.
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Career Profiles

• Richa Rustagi
• Senior Specialist
• End User Computing (GTI)

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Career Profiles

• Carolyn Jones
• Vice President
• Global Business Technology