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DE SHAW GROUP HIRES HEAD OF PRIVATE EQUITY UNIT GREATER CHINA.

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D.E. Shaw Group Hires Head of Private Equity Unit for Greater China

Business Editors

HONG KONG--(BUSINESS WIRE)--Feb. 28, 2007--The D.E. Shaw group announced today that Liang Meng will be joining the firm as the chief executive officer of its newly formed Greater China private equity unit.

The private equity unit will make investments throughout Greater China and will be headquartered in Hong Kong.

Mr Meng joins the D.E. Shaw group after serving as managing director and co-head of China Investment Banking at J.P. Morgan Securities (Asia Pacific) Limited, where he was responsible for China investment banking and Greater China M&A activities.

Prior to his tenure at J.P. Morgan, Mr Meng worked at Credit Suisse First Boston in New York, where he focused on M&A in the media and telecommunications sectors.

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