Novantas Managing Director Peter C. Davis is Named EVP of Global Strategy at The McGraw-Hill Companies

October 17, 2006

NEW YORK – Novantas LLC, the leading provider of management consultancy and information services to the financial industries, today announced that Peter C. Davis has been named Executive Vice President for Global Strategy at The McGraw-Hill Companies, a global information services company with 2005 revenues of $6 billion.

In his new role, Davis will work closely with the McGraw-Hill senior management team to build global business opportunities and strengthen its presence in established markets. In addition, he will focus on developing partnerships and new business opportunities for the major business divisions of McGraw-Hill, including Education, Financial Services and Information & Media.

"Peter has been a valued member of the Novantas leadership team and will make an outstanding contribution as head of global strategy for McGraw-Hill," said Dave Kaytes, a Managing Director at Novantas. "We wish him the very best in this exciting new chapter of his career."

Harold McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies, said Davis' "extensive leadership experience, business knowledge and international expertise will help us further strengthen our presence in existing markets and build additional global business opportunities."

As a Managing Director at Novantas, Davis was responsible for the capital markets, asset management, and commercial and private banking practices. Prior to his tenure at Novantas, Davis was a partner at Booz Allen Hamilton, where he led global client relationship development and delivery for the banking, brokerage and asset management segments. He also was a director at Merrill Lynch Investment Banking.

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets. Leading brands include Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates.

Novantas is the acknowledged leader in customer science and revenue strategy in the financial services industry. The Firm specializes in investigating and interpreting customer needs, attitudes and behaviors in ways that help companies to refine marketing decisions, customer strategies, and sales and service activities.