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Putnam Lovell NBF Securities Ranked Top Financial Adviser by Deal Volume in 2004 in Securities & Investments Category by SNL DataSource

NEW YORK, January 11, 2005 – Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, is pleased to announce that the company led all financial advisers in 2004 based on number of transactions in the securities and investments category, according to SNL DataSource, a premier information specialist serving the financial services, real estate, and energy industries.

New York-based Putnam Lovell NBF was ranked first with fifteen deals in the securities and investments sector by SNL DataSource, which includes data on transactions involving acquisitions of whole companies, asset deals, and firms whose shares trade in the US. SNL’s securities and investments category includes asset managers and broker-dealers.

Putnam Lovell NBF, in total, advised on eighteen publicly disclosed deals last year, and represented a varied group of prominent global clients consisting of diversified financial services companies, institutional and mutual fund managers, alternative investment managers, banks, insurance companies, broker-dealers, and financial technology firms.

``2004 was a strong year for Putnam Lovell NBF as clients increasingly turned to our talented and experienced investment banking team for innovative strategic advice and solutions,’’ said Donald H. Putnam, co-founder and Chief Executive Officer of Putnam Lovell NBF. ``We anticipate the level of M&A activity in the financial services industry to be even more robust for us in 2005 as firms flush with capital and those with buoyant shares press their advantage, while others seek to divest themselves of under-performing assets.’’

Putnam Lovell NBF’s investment banking group represented the following clients in recent transactions:

  • Investec Plc in the merger of subsidiary Carr Sheppards Crosthwaite with Rensburg Plc. Announced in December 2004.
  • Julius Baer Holding AG in the sale of its North American Wealth Management business to UBS AG. Announced in December 2004.
  • AQR Capital Management, LLC in the sale of an equity interest to Affiliated Managers Group, Inc. Announced in November 2004.
  • Deutsche Bank AG in the sale of Scudder Private Investment Counsel's New York, Philadelphia, Chicago, and Cincinnati offices to Legg Mason Inc. Announced in November 2004.
  • Wall Street Access Corp. in the sale of its retail brokerage business to E*Trade Securities LLC. Announced in October 2004.
  • Adelante Capital Management in its management-led buyout of Lend Lease Rosen from Lend Lease Corp. Announced in August 2004.
  • Deerfield & Company LLC in the sale of a majority interest to Triarc Companies, Inc. Announced in June 2004.
  • Numeric Investors L.P. in the recapitalization led by TA Associates. Announced in May 2004.

Founded in 1987, Putnam Lovell NBF has been a subsidiary of National Bank Financial Inc. (NBF) since 2002. Montreal-based National Bank Financial is a leading Canadian full-service investment bank, with origins dating back to 1902. NBF has over 3,100 employees with offices and operations in Canada, Switzerland, the US, and the UK.

About Putnam Lovell NBF Securities
Putnam Lovell NBF Securities Inc. (“Putnam Lovell NBF”) is an investment banking firm focused on the financial services industry. It offers merger and acquisition advice, equity capital markets, fixed income trading, and general corporate finance advisory services. It serves a global client base comprised of diversified financial services firms, institutional and mutual fund managers, alternative investment managers, banks, broker-dealers, insurers, and financial technology firms. Putnam Lovell NBF was founded in 1987 and operates from offices in Boston, London, New York, and San Francisco. Putnam Lovell NBF Securities Inc., member NASD/SIPC, is a subsidiary of National Bank Financial Inc.

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