Duff & Phelps Hires New Managing Director to Continue Expansion of European Practice

Duff & Phelps, a leading provider of independent financial advisory services, today announced that Jan Jaap Snel has joined the firm's Amsterdam office. Mr. Snel will concentrate on providing financial reporting and tax valuations, fairness opinions and related transaction advisory services, and will play an important role in furthering Duff & Phelps dedicated growth strategy in Europe. 

Prior to joining Duff & Phelps, Mr. Snel was a partner within the Dutch valuation practice of PricewaterhouseCoopers where he led the financial reporting valuation group. Mr. Snel worked with PricewaterhouseCoopers for 10 years in the corporate finance field, serving clients on both valuation and M&A related matters principally in the consumer and industrial products industries. Prior to working with PricewaterhouseCoopers, Mr. Snel was a senior auditor with Arthur Andersen. 

Henk Oosterhout, Managing Director in charge of the Amsterdam office, said, "Jan Jaap's years of experience in financial reporting valuation and corporate finance will be extremely valuable to our clients, as we see an increased need for independent valuation advice in a number of areas including financial reporting, corporate restructurings and M&A transactions." 

Noah Gottdiener, Chief Executive Officer of Duff & Phelps, said, "Building our international practices remains a key strategic initiative for the firm. While we currently serve clients throughout Europe, we plan to open additional offices in several cities in Europe in 2006 to increase our local presence." Gottdiener added, "As international financial accounting standards converge with fair value accounting, European companies will have a greater need for independent valuation services to comply with the new rules, and Duff & Phelps is well positioned to serve them." 

About Duff & Phelps, LLC 
Duff & Phelps, LLC, a leading independent financial advisory firm, offers a broad range of consulting and investment banking services, including financial reporting and tax valuation, fixed asset and real estate consulting, M&A advisory, fairness and solvency opinions, ESOP and ERISA advisory services, legal business solutions and dispute consulting. Duff & Phelps has over 650 employees serving clients worldwide through offices in the United States, Europe and Asia. Since 1932, Duff & Phelps has been committed to delivering independent advice and service of exceptional quality, integrity and objectivity to a broad range of public and private companies located throughout the world. For more information, visit www.duffandphelps.com.

Media Contact: 
Sherri Saltzman
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