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Overture Financial Announces Appointment of Winthrop H. Smith, Jr. as Chairman of Its Advisory Board

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NEW YORK, May 11 /PRNewswire/ --

Overture Financial Services LLC ("Overture Financial" or the "Company") today announced the appointment of Winthrop H. Smith, Jr. as Chairman of its Advisory Board, an external group that will be formed to act as an available resource to Overture Financial's executive management primarily for evaluation and recommendation of strategic initiatives and partnerships as well as the development of client relationships. Mr. Smith, formerly Executive Vice President and Chairman of Merrill Lynch International from 1992-2002, will lead Overture Financial's efforts in building its Advisory Board and implementing its business strategy.

"The executive management team at Overture Financial represents some of the best talent in the wealth management industry," said Mr. Smith. "Mark DeSario, Mohammad Baki, Peter Stanyer, Katy Reynolds and Samir Kabbaj achieved tremendous success in building out Merrill Lynch International's wealth management platform, and bring exceptional experience in understanding the complexities of running a global business. I am delighted to be reunited with my colleagues from Merrill Lynch along with other leading individuals from the wealth management industry such as Paul Polries; and believe we are creating a premier platform that will transform and simplify investment management."

"Win Smith is a highly talented and respected global wealth management executive who brings an extraordinary breadth of experience to Overture Financial," said Mark DeSario, Chief Executive Officer. "My colleagues at Overture Financial and I couldn't be more pleased that Win Smith has agreed to work with us once again in our pursuit of leading edge solutions for our clients," stated Mohammad Baki, President.

Winthrop H. Smith, Jr. resigned from his position as Executive Vice President and Chairman of Merrill Lynch International in 2002, after nearly a 30-year career with the firm, to pursue his own private equity investments, one of which is Sugarbush Ski & Golf Resort in Warren, Vermont. Although Mr. Smith resides in Vermont, he continues to be active in financial services through his directorships at Eaton Vance Corp., Richardson Partners Financial Ltd., and AGF Management Ltd., as well as being on the board of several philanthropic organizations including The Americas Society and the United Nations Association of the United States. Mr. Smith received his MBA from The University of Pennsylvania's Wharton School of Business and received his undergraduate degree from Amherst College.

About Overture Financial Services

New York-based Overture Financial Services LLC was formed in 2004 to create a state-of-the-art global wealth management platform to provide premier investment advisory and consulting services to institutional and private clients worldwide. With the continued rapid growth in the investment management business, Overture Financial recognized the absence of a dominant provider that could offer a comprehensive multi-currency, end-to-end solution to simplify and automate the investment process for investors, financial advisors and asset managers across multiple jurisdictions. The platform provides cost-effective, conflict-free, performance-driven solutions on a global basis. For more information, visit the Overture Financial Website at http://www.overturefinancial.com.

Web site: http://www.overturefinancial.com

SOURCE Overture Financial Services LLC



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