Thu, Dec 6, 2007

Duff & Phelps Adds a Managing Director to Its Tokyo Office

Duff & Phelps Corporation (NYSE: DUF), a leading provider of independent financial advisory and investment banking services, today announced that Atsuo "Andy" Watanabe has joined the firm as a Managing Director to lead the Tokyo office. 

Duff & Phelps also announced that Yasuo Ando joined the firm as a Director in the Tokyo office. Mr. Ando is a seasoned professional with many years of experience in M&A and corporate finance. 

Mr. Watanabe joins Duff & Phelps from GMD Corporate Finance Limited (GMD), a member firm of KPMG International. While at GMD as Partner, Mr. Watanabe assisted many strategic buyers and financial investors; advised industrial corporations on reorganizations, divestitures and turnarounds; and assisted in a number of transactions. Mr. Watanabe previously worked in the Corporate Finance Division and the International Planning Division of the Long-Term Credit Bank of Japan. 

Mr. Watanabe brings more than 20 years of experience in investment banking and corporate finance, with strong expertise in M&A, valuation and structured finance. He has managed various transactions for top-tier Japanese, U.S. and multi-national corporations and advised a number of major Japanese corporations on their restructuring efforts, including strategic planning and divestitures of non-core business. 

Kleon Phili, Managing Director in charge of Duff & Phelps' international operations, said, "I am excited that both Andy and Yasuo have joined our team in Japan. Their experience will be extremely valuable to our clients in Japan and Asia." 

Noah Gottdiener, Chief Executive Officer of Duff & Phelps, said, "Our capabilities and wide range of industry experience are well-matched for opportunities in the Japanese marketplace and the individuals joining the firm bring with them significant experience that will enhance our service offering and presence across Asia." 

About Duff & Phelps
Duff & Phelps Corporation (NYSE: DUF) is a leading provider of independent financial advisory and investment banking services, supporting client needs principally in the areas of valuation, transactions, financial restructurings and disputes. Founded in 1932, the company's mission is to protect, recover and maximize value for its clients, by providing independent and unbiased advice on issues related to highly technical and complex assessments of value. Services include financial reporting valuation, tax services, real estate and fixed asset services, corporate finance consulting, fairness and solvency opinions, restructuring advisory, and dispute and legal management consulting. Investment banking services are provided by Duff & Phelps Securities, LLC. With over 1,000 employees serving clients worldwide through offices located in the United States, Europe and Asia, Duff & Phelps is committed to delivering insightful advice and service of exceptional quality, integrity and objectivity. For more information, visit

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