NERA President Dr. Andrew Carron Elected to SEC Historical Society Board of Trustees

04 June 2007

New York City/4 June 2007 -- NERA Economic Consulting, a leading global provider of economic research and analysis in business, legal, and regulatory matters, today announced that Andrew Carron, NERA's President, has been elected to the Board of Trustees for the SEC Historical Society.

Based in NERA's New York City office, Dr. Carron has been President of NERA since January 2006, and with the firm for more than a decade. He formerly chaired the firm's Securities and Finance Practice from 2003 through 2006, and has served on NERA's Board of Directors since 2004.

Dr. Carron has more than 30 years of securities and economics experience. Prior to joining NERA, he spent 10 years at Credit Suisse First Boston, where he served as a Director in Global Risk Management and in Fixed Income Research. He also worked as a manager in bond analysis at Lehman Brothers and was a Senior Fellow at The Brookings Institution. Dr. Carron has authored books and articles on regulatory economics and on financial products, institutions, and markets. He holds MA, M.Phil, and PhD degrees in Economics from Yale University and a BA from Harvard University.

"I am honored to be named a trustee of this valuable institution," said Dr. Carron. "I look forward to serving with many distinguished colleagues. The Society can play an important role in improving public understanding of our securities markets and the laws that help ensure their integrity."

The SEC Historical Society is a non-profit institution, independent of and separate from the US Securities and Exchange Commission, which preserves and shares SEC and securities history through its virtual museum and archive at www.sechistorical.org. The virtual museum and archive is free and accessible worldwide at all times.

NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a unit of the Oliver Wyman Group, an MMC company.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.