IIR Ind.Intl.Inv.

RNS Number:4749Q
Independent Intl Inv Research PLC
01 February 2007

Press release
07h00, 1 February 2007



Independent International Investment Research Plc ("the Group")



Board appointment



The board is pleased to announce the appointment of Satish Betadpur, CFA, as
Head of Research and CEO, Asia, based at the Group's wholly-owned Indian
research subsidiary, Independent Research Pvt Limited, with effect from 22
January 2007.  Mr. Betadpur is expected to join the main board within the next
three months, the first of a number of key appointments planned over the coming
months which will provide management depth necessary for the successful
implementation of the Group's growth strategy in 2007.



Satish Betadpur, 45, holds dual US-Indian nationality and is re-locating from
San Francisco to take up his position based in Mumbai.  His career for the past
21 years has been developed in New York and California, where his most recent
positions have been as Chief Investment Officer and Managing Director, Equity
Research.  His experience spans fixed income and international equities, in a
number of senior and very accomplished roles, most recently as head of a $120mn
hedge fund and responsible for a team of 76 staff.  He was formerly a Managing
Director, Equity Research, at the Teachers Insurance Annuity Association -
College Retirement Equities Fund, in New York.



In addition to his substantial commercial experience, Mr. Betadpur has also
taught at the University of Missouri and at Columbus University, NY.  He holds
an MS in Computer Science, an MS in Mechanical Engineering, and an MBA from
University of Illinois. He is a Chartered Financial Analyst, qualifying in 1995.



Shane Smith, Group Chairman and CEO, commented:  "I am confident that the wealth
of experience that we gain from Satish's former role as a consumer of research
will be a great asset both in polishing our already highly regarded offering to
our current bulge-bracket client base, as well as in the development of our
product range particularly for the buy-side.  The academic and practical
experience gained during a successful international career, writing and
supervising the origination of high-quality research as well as managing money,
will make Satish a tremendous asset to the development of the skills of our team
in Mumbai.  Satish has a clear understanding of the revolution taking place in
the independent research industry, and has fully embraced the strategic plan of
the Group for harnessing this potential.  Moreover he has very tangibly
expressed his confidence in the Group's plans, by agreeing a remuneration
package which, whilst remaining within the limits of the Group's existing
Employee Share Option Plan, is weighted most significantly in a stock option
component."



Satish Bedatpur commented: "Radical changes are afoot in the research space.
IIR has a uniquely progressive approach to the new commercial environment that
is emerging and I am delighted to be joining in a key role in the group's growth
strategy.  The current team in Mumbai is talented and resourceful;  I intend to
help this team to build in strength and to secure IIR's place both as the
destination of choice for the most talented and ambitious equity research
professionals in India, and as the leading Indian player on the global research
stage for insightful, innovative and high quality investment research.  The firm
has the potential to significantly influence the research landscape and I look
forward to being a key driver of the plan as the group expands in India and into
South East Asia".



Following the appointment of Mr. Bedatpur, the board of Independent Research Pvt
Limited will comprise Shane Smith, Chairman; Satish Bedatpur, director and CEO;
Aparna Joshi, Country Manager and director; Vinh Cam, Director.



-ENDS-



For further information please contact:

Shane Smith, Chairman and CEO,       Shane.smith@iirgroup.com   +44 7785 276 703
Independent International Investment
Research PLC















Notes to editors:

Independent International Investment Research PLC ("Indpependent II Research")
(LSE:IIR) is the UK's leading source for impartial research and strategy for
global equities and foreign exchange.



The company was admitted to the Alternative Investment Market (AIM) of the
London Stock Exchange in 2000, and operates through three subsidiaries: Pronet
Analytics.com Limited (Regulated and Authorised by the Financial Services
Authority in the UK, and registered as an Investment Advisor with the Securities
Exchange Commission in the USA) has been ranked consistently in the global
top-five independent currency research firms, whilst its Independent Financial
Markets Research Limited subsidiary has become the leading specialist  in the
United States for the provision of research on non-US companies (primarily those
with American Depositary Receipt programs).  The group's key production facility
is its Indian subsidiary, Independent Research Pvt Limited.



The company is headquartered in London, with research and development facilities
operating in China and India.  Key distribution partners are BNY Jaywalk, Inc.,
Reuters PLC, Institutional Research Services, Inc., and Bloomberg LP (PRON)
as well as a number of specialist distribution partners in China who are focused
specifically on introducing FX research services to the rapidly developing
currency markets in that country.








                      This information is provided by RNS
            The company news service from the London Stock Exchange
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