London - Reuters, the global information and news group, has joined J.P. Morgan as the major shareholders in a new company, The RiskMetrics Group, which will offer specialised data and calculation tools for the risk management community.

The RiskMetrics Group will build upon existing J.P. Morgan risk estimation products, such as RiskMetrics® and CreditMetrics®, to provide a unique source of information for risk managers. Reuters will supply financial market data to the new company, and plans to offer the finished products via its global network. The RiskMetrics Group will continue to offer the existing RiskMetrics® and CreditMetrics® products free of charge via the public Internet, as well as a new range of chargeable products.

The new company will combine Reuters strengths as the world's largest distributor of financial market data with the expertise built up within J.P. Morgan in risk estimation.

Krishna Biltoo, Director, Money Markets for Reuters and its representative on the RiskMetrics Group board, said: "The new entity adds significant dimensions in market and credit risk information to the global financial database available to Reuters customers. We are very pleased to draw upon the expertise developed at J.P.Morgan to enter this promising market."

Ethan Berman, formerly Managing Director and head of Morgan's risk products group and now the Chief Executive Officer of the new company, said: "The new entity will give us a more flexible, focused and responsive vehicle for delivering the risk management expertise of J.P. Morgan and other top-tier financial institutions to an expanding client base. The numerous requests we currently receive for new research, data analytics and training can be more easily met through a group whose sole focus is risk management."

The existing J.P. Morgan risk products, which will now be managed by the new company, are used by over 10,000 risk managers worldwide.

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Contact:

Peter V. Thomas Tel: 0171 250 1122

Director, Media Relations

Adrian Duffield Tel: 0171 250 1122

Manager, Corporate Relations

Geoff Wicks

Director, Corporate Relations Tel: 0171 250 1122

Krishna Biltoo Tel: 0171 542 8950

Director, Money Markets

Note to editors

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