Terrance O'Malley to Join Fried Frank

Business Wire, June 5, 2006

NEW YORK -- Fried, Frank, Harris, Shriver & Jacobson LLP announced today that Terrance J. O'Malley has joined the firm as a partner in the Corporate Department. He joins Fried Frank from Schulte, Roth & Zabel LLP where he was a partner in the Investment Management Group.

"We are delighted to welcome Terrance O'Malley to the firm. He is a strong addition to our growing asset management, hedge fund and related practices," said Valerie Ford Jacob, Fried Frank's Chairperson.

Mr. O'Malley is one of the nation's leading experts on the regulation of investment management firms, including hedge fund managers. His practice focuses on SEC registration, compliance, oversight and investigatory issues. He also assists with SEC enforcement matters and M&A transactions involving investment management firms.

"Over the past several years, the firm has been busy developing a number of important business areas, including our private equity, hedge fund, securities and real estate practices, which have been enhanced by our preeminent M&A practice. Terrance's practice is essential and complementary to the continued growth of those practices," said Justin Spendlove, the firm's Managing Partner.

"Fried Frank offers my clients a deep bench of leading attorneys covering a broad range of critical practice areas, a long history of dealing with institutional clients on an international basis, and critical regulatory connections," added Mr. O'Malley.

Mr. O'Malley began his legal career as an attorney in the SEC's Division of Enforcement. In addition to serving as a partner at Schulte, Roth and Zabel, LLP, Mr. O'Malley practiced at Davis Polk & Wardwell, and Lebouef, Lamb, Greene & MacRae LLP. He received his J.D. from Cornell University Law School and his B.A., cum laude, from Boston College.

Mr. O'Malley is a frequent speaker at industry conferences, contributes to leading publications, and is the author of two influential books, The Investment Adviser's Legal and Compliance Guide (Aspen, 2004) and The Regulation of Hedge Fund Managers by the SEC (Institutional Investor, 2003).

Fried, Frank, Harris, Shriver & Jacobson LLP is a leading international law firm with more than 525 attorneys in offices in New York, Washington, D.C., London, Paris and Frankfurt. Fried Frank lawyers regularly represent major investment-banking firms, private equity houses and hedge funds, as well as many of the largest companies in the world. The firm offers legal counsel on M&A and corporate finance matters, white-collar criminal defense and civil litigation, securities regulation, compliance and enforcement, government contracts, real estate, tax, bankruptcy, antitrust, benefits and compensation, intellectual property and technology, international trade, and trusts and estates. More information on Fried Frank can be found at www.friedfrank.com.