The D. E. Shaw Group Hires New Chief Financial Officer

NEW YORK--(Business Wire)--
The D. E. Shaw group announced today that Christopher Zaback has
joined D. E. Shaw & Co., L.P. as its new chief financial officer and
as a managing director. He assumes the title previously held by Stuart
Steckler, a managing director and a member of the firm's executive
committee, who will retain overall responsibility for most firm-wide
infrastructure, including all finance, back office, administration,
and legal and compliance functions. Mr. Zaback will oversee the firm's
accounting, tax, and financial operations units, and will report to
Mr. Steckler.

"We are very fortunate to have someone of Chris's talents playing
such a key role," said Mr. Steckler. "His natural leadership abilities
and fluency with complex financial reporting make him a great fit for
the firm. As our infrastructure continues to grow to support our
global business, his arrival will allow me to focus more time on
strategy and execution of firm-wide initiatives."

Mr. Zaback joins the D. E. Shaw group from Sandelman Partners, LP,
where he served as co-chief operating officer and previously as chief
financial officer. Prior to that, Mr. Zaback was a director and the
co-head of the middle office of Moore Capital Management, LLC, and a
vice president in the equities division at Goldman, Sachs & Co. He
began his career at Ernst & Young, LLP, where he became a partner in
the financial services practice.

"The D. E. Shaw group's record of financial achievement is matched
by its uncompromising commitment to operational rigor," said Mr.
Zaback. "I look forward to being a part of such an impressively run
organization."

About the D. E. Shaw group

The D. E. Shaw group is a global investment and technology
development firm with more than 1,500 employees, approximately $39
billion in assets under management as of July 1, 2008, and offices in
North America, Europe, and Asia. Since its organization in 1988, the
firm has earned an international reputation for financial innovation,
technological leadership, and an extraordinarily distinguished staff.

This press release is provided for the reader's information only
and does not constitute investment advice or convey an offer to sell,
or the solicitation of an offer to buy, any securities or other
financial products.

Please also note that this press release has not been updated
since its dateline for any information contained in it that may have
changed, including any beliefs and/or opinions. In addition, no
assurances can be given that any aims, assumptions, expectations,
and/or goals described in this release will be realized or that the
activities or any performance described herein did or will continue at
all or in the same manner as at the time of the press release.

Please visit www.deshaw.com for current and additional information
about the D. E. Shaw group.

Finsbury Group
New York
Andy Merrill/Tripp Kyle
+1 (212) 303-7600
andy.merrill@finsbury.com
tripp.kyle@finsbury.com

Copyright Business Wire 2008