Merlin Doorstep Reviews

I got the memo from Naomi that you sent. First, who is Doug Imrie? Does he
have a strong background in trading operations? Will he be able to
coordinate effective reviews from a controls perspective, and will he be able
to be the front-runner on how MG runs its business so that we will get a jump
start on how best to assimilate the business? I think that this effort
should be much broader than deal testing. It should encompass assessing
people, processes, controls, systems support, etc. To do this quickly and
effectively will require persons who are knowledgeable about daily trading
operations. I don't know Naomi's background, but I wonder if she will be
the right person to lead one of these efforts since she does not work in
operations on a daily basis.

Patrick Conner left me a message today to be certain that we are plugged in
with an appropriate team from ENA to review the Chicago and New York
offices. From the sound of Naomi's memo, it looks as if Andy Cornfield is
assume to have the US responsibility. Again, I don't know Andy.

Should we circle the wagons and develop a plan for doorstep reviews that
includes some others in the process, particularly those that have been
involved in some doorstep reviews to date and those that have daily
operational experience? I have also mentioned Shona as a good resource as
well.