Markit Recruits Credit Professionals To Product Development And Sales In Response To Growing Client Demand

London and New York, 8 December 2004 - Markit, the world's first integrated daily pricing service for global credit derivatives, cash credit instruments and syndicated loans, today announced the appointment of Richard Earl and Ben Logan as Vice Presidents within the company's international product development and sales team.

Richard Earl, who will be London-based, will help drive the firm's penetration of the European client base, with a particular focus on Markit's credit products. He was previously at Principia Partners, a specialist structured credit and derivatives software supplier, where he was responsible for sales to Europe, the Middle East and Africa. Prior to this role, Richard spent five years at JPMorgan, selling credit products to the Middle East.

Ben Logan will spearhead product development for Markit in New York, focusing on the ABS and CDO markets. He will take a leading role in managing the company's relationships with the broker-dealer community across its existing product lines. Ben joins from Loan Pricing Corporation, where he was responsible for generating new data and analytical offerings for the credit markets.

Lance Uggla, Chief Executive of Markit comments: "Richard and Ben bring with them strong track records and extensive knowledge of the credit arena. Their expertise will considerably strengthen our team and best position us to meet ever increasing client demand".

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About Markit

Founded early in 2001 with the support of contributing data partners ABN AMRO, Bank of America, Citigroup, CSFB, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities, and UBS, Markit currently receives daily credit default swap (CDS) pricing on over 4,000 issues and receives pricing on over 27,000 cash securities. Partner banks and contributing data providers now total over 40 institutions globally. These institutions feed current and historical credit data into the Markit system on a daily basis, facilitating better decision-making and credit risk management within banks' credit operations.