Speaking on behalf of the Board, succession subcommittee chairman Don
Caldwell, President of Cross Atlantic Capital Partners, said, "This team has
worked together successfully over the past two years and has demonstrated the
leadership and experience required to grow the business and increase
shareholder value into the future. Adam and Jay bring rich experience and
strong skills to their new positions and both have demonstrated leadership
capabilities and the ability to collaborate. Gutstein
Adam J . He previously had been a
partner at PricewaterhouseCoopers (PwC), leading their financial services
global e-business practice and helping clients successfully leverage new
technology. A Chicago , Illinois
resident, McClayton is active in various civic and charitable organizations,
including the board of trustees of the Ravinia Festival and the YMCA of
Metropolitan Chicago.com

consequences treatise

On April 1, 2006, Adam will
become Chief Executive Officer (CEO), responsible for the strategic direction
of the firm, including emerging market strategy, marketing and branding,
investor relations , corporate development, and will continue in his senior
client relationship role." Adam was a
co -founder of DiamondCluster's predecessor firm, Diamond Technology Partners,
when it was established in 1994.

consequences delong

His distinguished consulting
career unfolded first during 21 years with Arthur Andersen + Co.312.

veblen keynes

697. Norman, 47, currently is the Managing Director of the firm's North
American and UK practice.

About Mel E. Mel co-founded Diamond
Technology Partners in 1994.
Prior to founding Diamond, Mel served in executive management roles at
Technology Solutions Company and CSC Consulting. Mel is a member of
the advisory board of the Cross Atlantic Capital Partners, a venture capital
fund focused in Europe; serves on the Board of Directors of Simon Property
Group; and serves on the Board of Overseers of the University of Pennsylvania
School of Engineering.moon@diamondcluster .com

Laura Cinat
Investor Relations
+1.

veblen economist

Bergstein , 63, will step down as CEO as
part of a planned succession and remain chairman of DiamondCluster 's Board of
Directors. Norman
Jay D. Mobilizing
multidisciplinary teams from our highly skilled strategy, technology, and
operations professionals worldwide, DiamondCluster works collaboratively with
clients, unleashing the power within their own organizations to achieve
sustainable business advantage.4560
Cell: +1.

keynes 1946

Also in this issue:

-- Milton Friedman on Price Controls: One of the 20th century's most
influential economists discusses "How Not to Stop Inflation" in a
never-before published speech
-- A Menu of Options: A Richmond Fed economist says the best way to
supervise banks may be to offer incentives that help keep the
riskiest ones from declaring themselves safe
-- Tobacco Buyout: For the first time since the Great Depression ,
tobacco growers enter a market largely free from price supports. Mel will continue
as chairman after April 1st, and will then focus his attention on senior
client relationships, recruiting and mentoring. Among his responsibilities, McClayton
led Andersen's Chicago-based financial markets practice for ten years.708.

He also played a major role in the setting up of the post-world-war-two Bretton Woods international economic system (where organisations such as the IMF and World Bank were created).

immensely 1946

S. In the cover story of the
summer 2005 issue of Region Focus, Doug Campbell examines the impact of
Sarbanes -Oxley on businesses and investors."
William McClayton will remain Chief Administrative Officer , with
responsibility for finance, legal, human resources, regulatory compliance and
information technology, and continue in his senior advisory role. DiamondCluster is headquartered in Chicago,
with offices across Europe, North America, Middle East, and South America.com.

1936 veblen

org/publications. He is
a member of the Economic Club of Chicago and holds a degree in economics from
Haverford College.623 .

profiled 1936

Bergstein, the current chairman and CEO, said, "The Board and our partner
group did an outstanding job working together over the past year to make sure
we have a smooth management transition. Jay holds a Master of Business Administration degree and
a Bachelor of Arts degree from Drake University .

profiled keynes

richmondfed."

About Adam J.

maynard deserves

PRESS RELEASE Is Corporate Governance Reform Working as Planned?

8109. The articles are available online at
http://www. The board also announced its intention to
elect Norman to the company's board of directors in November. As President and Chief Operating Officer (COO), Jay
will focus on global practice management, lead the industry and geographic
practices , and have overall profit and loss responsibility. He is a member of the firm's Board of
Directors , and the company's Office of the Chairman, and has been instrumental
in serving many of the firm 's largest clients., a leading provider of
technology-enabled business services focused on the healthcare industry.'s consulting
division (now Accenture).

Contacts: David Moon
Media Relations
Work: +1.

keynes economist

DiamondCluster Board of Directors Elects New Management Team Effective April 1 2006

Gutstein, 42, currently is the President of DiamondCluster
International and also Managing Director of the firm's European, Middle East
and Latin American operations.

thorstein 1936

He is also very active in the Chicagoland community.diamondcluster.

maynard skidelsky

And many are happy about it
-- Redevelopment Boot Camp: Another round of base closings brings
the opportunity for military -centric communities to turn barracks
and bombing ranges into something marketable
-- Economic History: Research Triangle Park was a pipe dream that
paid off
-- Book Review: Freakonomics by Steven Levitt and Stephen Dubner

Region Focus, a quarterly business magazine published by the Federal
Reserve Bank of Richmond, covers the economy and business activities of the
District of Columbia, Maryland, North Carolina, South Carolina, Virginia,
and most of West Virginia. Norman , 47, to become President and Chief Operating
Officer, effective April 1, 2006. DiamondCluster International is in a
great business at a great time and I have enormous confidence in both Adam and
Jay to lead this firm in the future, and to do it in a way that is in the best
interests of our people, our clients and our investors. Consulting Magazine this year
named Gutstein one of its "top 25 most influential consultants. To
learn more, visit http://www.

memoranda 50th

Instead of complying with the new regulations ,
many companies are deciding the costs of being publicly traded or listed on
a major stock exchange are no longer worth it. Gutstein, 42, to become Chief Executive
Officer and Jay D. Bergstein, 63 , is chairman and CEO of DiamondCluster International.

This category is for sites relating to the economist John Maynard Keynes (June 5, 1883-April 21, 1946), whose works include The General Theory of Employment Interest and Money (1936), The Economic Consequences of Peace, (1919) and A Treatise on Probability .

saviour maynard

An internationally known leader in the consulting industry, Mel has more than
35 years of experience serving clients globally.cinat@diamondcluster.

1946 deserves

President Adam J.

About Jay D. He served as managing director of worldwide
technology, was twice elected to the board of Arthur Andersen, and also served
as chairman of the firm's Consulting Oversight Committee. He
is a member of the Board of Directors of the Rehabilitation Institute of
Chicago; a Trustee of the Chicago Symphony Orchestra; and a Trustee of the
Ravinia Festival.

harrod 50th

He is a member of the firm's Office of the Chairman,
and is the chairman of the firm's North America and UK Management Committee. In
addition , McClayton served public and private audit clients, primarily in the
professional services and financial services industries.6167
laura.

memoranda saviour

and Accenture. Under his leadership, Diamond grew into a
leading, publicly held consultancy with a long list of blue-chip clients.

About DiamondCluster International
DiamondCluster International (Nasdaq: DTPI) is a premier global management
consulting firm that helps leading organizations develop and implement growth
strategies , improve operations, and capitalize on technology.255.

thorstein profiled

Bergstein
Mel E.4133
david.

veblen profiled

As previously
announced, on April 1, 2006, Mel E.

About William McClayton
William McClayton is DiamondCluster's Chief Administrative Officer,
responsible for finance, legal , human resources, regulatory compliance and
information technology.312.

deserves profiled

Three years after the enactment of the
Sarbanes-Oxley Act, questions are mounting about unintended consequences
for hundreds of U.

For free copies of Region Focus, contact the Bank's Public Affairs
Department at 804.

profiled keynesian

Gutstein Will Become Chief Executive Officer;
Managing Director Jay Norman Will Become President + Chief Operating Officer;
Chairman + CEO Mel Bergstein Will Remain Chairman

CHICAGO, Global management consulting
firm DiamondCluster International (Nasdaq: DTPI) announced today that its
Board of Directors has elected Adam J.
Jay is a frequently quoted thought leader and speaker on business and
information technology strategies and trends. His career is marked by
extensive experience in working at the highest levels of client organizations. His experience also includes positions with McKinsey and Company,
Inc. McClayton also serves on the Office of Chairman .

maynard bretton

Don Caldwell's leadership has been
particularly important in this process. In addition, Mel is a member of the Board of Directors of
the Executives' Club of Chicago and an active member of the Commercial Club,
the Economic Club, the Standard Club, and the Chicago Club.
McClayton joined DiamondCluster in April 2001, after a distinguished 35-
year career at Arthur Andersen and Co.

saviour 1883

firms . He played a significant role in the combining
of Diamond with Cluster Consulting in 2000. Adam also serves as a member of
the Board of Directors of Healthaxis Inc.
In addition, he has successfully built and led profitable consulting practices
in both public and private company environments.255 .