Twelve Months Ended

Three Months Ended

December 31, 2004

December 31, 2004

September 30, 2004

June 30, 2004

March 31, 2004

Americas

Revenue

$

1,660,307

$

541,089

$

416,149

$

384,468

$

318,601

Costs and expenses:

Cost of services

924,856

310,602

232,746

207,612

173,896

Operating, administrative and other

569,195

160,907

135,456

146,823

126,009

Depreciation and amortization

37,514

11,525

8,706

7,310

9,973

Merger-related charges

22,038

—

4,040

10,381

7,617

Operating income

$

106,704

$

58,055

$

35,201

$

12,342

$

1,106

EBITDA

$

154,506

$

73,554

$

46,857

$

21,290

$

12,805

EMEA

Revenue

$

459,741

$

166,844

$

104,762

$

108,309

$

79,826

Costs and expenses:

Cost of services

206,258

73,257

49,413

47,363

36,225

Operating, administrative and other

207,326

59,477

49,464

52,364

46,021

Depreciation and amortization

12,050

2,170

1,908

2,325

5,647

Merger-related charges

3,205

—

—

1,163

2,042

Operating income (loss)

$

30,902

$

31,940

$

3,977

$

5,094

$

(10,109

)

EBITDA

$

42,433

$

34,129

$

5,836

$

7,179

$

(4,711

)

Asia Pacific

Revenue

$

151,034

$

50,422

$

37,342

$

37,710

$

25,560

Costs and expenses:

Cost of services

72,651

22,362

18,552

17,636

14,101

Operating, administrative and other

57,354

18,208

13,659

14,303

11,184

Depreciation and amortization

2,476

621

605

616

634

Operating income (loss)

$

18,553

$

9,231

$

4,526

$

5,155

$

(359

)

EBITDA

$

21,584

$

9,995

$

5,354

$

5,665

$

570

Global Investment Management

Revenue

$

94,014

$

39,834

$

16,746

$

20,429

$

17,005

Costs and expenses:

Operating, administrative and other

76,017

28,284

14,647

17,049

16,037

Depreciation and amortization

2,817

540

1,121

579

577

Merger-related charges

331

—

—

30

301

Operating income

$

14,849

$

11,010

$

978

$

2,771

$

90

EBITDA

$

26,817

$

16,769

$

3,801

$

4,826

$

1,421

Consolidated

Revenue

$

2,365,096

$

798,189

$

574,999

$

550,916

$

440,992

Costs and expenses:

Cost of services

1,203,765

406,221

300,711

272,611

224,222

Operating, administrative and other

909,892

266,876

213,226

230,539

199,251

Depreciation and amortization

54,857

14,856

12,340

10,830

16,831

Merger-related charges

25,574

—

4,040

11,574

9,960

Operating income (loss)

$

171,008

$

110,236

$

44,682

$

25,362

$

(9,272

)

EBITDA

$

245,340

$

134,447

$

61,848

$

38,960

$

10,085

Twelve Months Ended

Three Months Ended

December 31, 2004

December 31, 2004

September 30, 2004

June 30, 2004

March 31, 2004

Americas

Operating income

$

106,704

$

58,055

$

35,201

$

12,342

$

1,106

Add:

Depreciation and amortization

37,514

11,525

8,706

7,310

9,973

Equity income from unconsolidated subsidiaries

10,288

3,974

2,950

1,638

1,726

EBITDA

$

154,506

$

73,554

$

46,857

$

21,290

$

12,805

EMEA

Operating income (loss)

$

30,902

$

31,940

$

3,977

$

5,094

$

(10,109

)

Add:

Depreciation and amortization

12,050

2,170

1,908

2,325

5,647

Equity (loss) income from unconsolidated subsidiaries

(519

)

19

(49

)

(240

)

(249

)

EBITDA

$

42,433

$

34,129

$

5,836

$

7,179

$

(4,711

)

Asia Pacific

Operating income (loss)

$

18,553

$

9,231

$

4,526

$

5,155

$

(359

)

Add:

Depreciation and amortization

2,476

621

605

616

634

Equity income (loss) from unconsolidated subsidiaries

555

143

223

(106

)

295

EBITDA

$

21,584

$

9,995

$

5,354

$

5,665

$

570

Global Investment Management

Operating income

$

14,849

$

11,010

$

978

$

2,771

$

90

Add:

Depreciation and amortization

2,817

540

1,121

579

577

Equity income from unconsolidated subsidiaries

9,151

5,219

1,702

1,476

754

EBITDA

$

26,817

$

16,769

$

3,801

$

4,826

$

1,421

Consolidated

Operating income (loss)

$

171,008

$

110,236

$

44,682

$

25,362

$

(9,272

)

Add:

Depreciation and amortization

54,857

14,856

12,340

10,830

16,831

Equity income from unconsolidated subsidiaries

19,475

9,355

4,826

2,768

2,526

EBITDA

$

245,340

$

134,447

$

61,848

$

38,960

$

10,085

Twelve Months Ended

Three Months Ended

December 31, 2004

December 31, 2004

September 30, 2004

June 30, 2004

March 31, 2004

Americas

Operating income

$

106,704

$

58,055

$

35,201

$

12,342

$

1,106

Amortization expense relating to net revenue backlog acquired in the Insignia acquisition

9,717

2,794

2,530

901

3,492

Merger-related charges related to the Insignia acquisition

22,038

—

4,040

10,381

7,617

Integration costs related to the Insignia acquisition

11,638

2,063

2,073

2,779

4,723

One-time compensation expense related to the initial public offering

15,000

—

—

15,000

—

Operating income, as adjusted

$

165,097

$

62,912

$

43,844

$

41,403

$

16,938

EMEA

Operating income (loss)

$

30,902

$

31,940

$

3,977

$

5,094

$

(10,109

)

Amortization expense relating to net revenue backlog acquired in the Insignia acquisition

3,324

—

—

—

3,324

Merger-related charges related to the Insignia acquisition

3,205

—

—

1,163

2,042

Integration costs related to the Insignia acquisition

2,701

518

890

665

628

Operating income, as adjusted

$

40,132

$

32,458

$

4,867

$

6,922

$

(4,115

)

Asia Pacific

Operating income (loss)

$

18,553

$

9,231

$

4,526

$

5,155

$

(359

)

Global Investment Management

Operating income

$

14,849

$

11,010

$

978

$

2,771

$

90

Merger-related charges related to the Insignia acquisition

331

—

—

30

301

Operating income, as adjusted

$

15,180

$

11,010

$

978

$

2,801

$

391

Consolidated

Operating income (loss)

$

171,008

$

110,236

$

44,682

$

25,362

$

(9,272

)

Amortization expense relating to net revenue backlog acquired in the Insignia acquisition

13,041

2,794

2,530

901

6,816

Merger-related charges related to the Insignia acquisition

25,574

—

4,040

11,574

9,960

Integration costs related to the Insignia acquisition

14,339

2,581

2,963

3,444

5,351

One-time compensation expense related to the initial public offering

15,000

—

—

15,000

—

Operating income, as adjusted

$

238,962

$

115,611

$

54,215

$

56,281

$

12,855

Twelve Months Ended

Three Months Ended

December 31, 2003

December 31, 2003

September 30, 2003

June 30, 2003

March 31, 2003

Americas

Revenue

$

1,155,461

$

417,676

$

312,207

$

233,920

$

191,658

Costs and expenses:

Cost of services

609,629

228,677

165,020

120,936

94,996

Operating, administrative and other

438,425

146,881

119,848

89,792

81,904

Depreciation and amortization

56,865

20,595

27,740

4,328

4,202

Merger-related charges

20,367

4,475

14,154

1,738

—

Operating income (loss)

$

30,175

$

17,048

$

(14,555

)

$

17,126

$

10,556

EBITDA

$

95,113

$

41,010

$

15,161

$

22,645

$

16,297

EMEA

Revenue

$

298,725

$

140,812

$

65,315

$

49,275

$

43,323

Costs and expenses:

Cost of services

135,864

65,091

30,395

20,818

19,560

Operating, administrative and other

136,644

54,071

34,427

24,677

23,469

Depreciation and amortization

31,110

17,362

11,996

873

879

Merger-related charges

15,958

12,055

2,331

1,572

—

Operating (loss) income

$

(20,851

)

$

(7,767

)

$

(13,834

)

$

1,335

$

(585

)

EBITDA

$

10,053

$

9,726

$

(2,067

)

$

2,226

$

168

Asia Pacific

Revenue

$

107,501

$

38,266

$

27,023

$

25,352

$

16,860

Costs and expenses:

Cost of services

50,935

18,174

12,406

11,312

9,043

Operating, administrative and other

46,802

14,424

11,762

11,561

9,055

Depreciation and amortization

2,226

486

554

601

585

Merger-related charges

492

492

—

—

—

Operating income (loss)

$

7,046

$

4,690

$

2,301

$

1,878

$

(1,823

)

EBITDA

$

9,633

$

5,422

$

2,897

$

2,529

$

(1,215

)

Global Investment Management

Revenue

$

68,387

$

24,503

$

18,831

$

13,170

$

11,883

Costs and expenses:

Operating, administrative and other

56,506

18,730

14,638

11,391

11,747

Depreciation and amortization

2,421

608

781

527

505

Operating income (loss)

$

9,460

$

5,165

$

3,412

$

1,252

$

(369

)

EBITDA

$

18,018

$

7,212

$

4,722

$

4,321

$

1,763

Consolidated

Revenue

$

1,630,074

$

621,257

$

423,376

$

321,717

$

263,724

Costs and expenses:

Cost of services

796,428

311,942

207,821

153,066

123,599

Operating, administrative and other

678,377

234,106

180,675

137,421

126,175

Depreciation and amortization

92,622

39,051

41,071

6,329

6,171

Merger-related charges

36,817

17,022

16,485

3,310

—

Operating income (loss)

$

25,830

$

19,136

$

(22,676

)

$

21,591

$

7,779

EBITDA

$

132,817

$

63,370

$

20,713

$

31,721

$

17,013

Twelve Months Ended

Three Months Ended

December 31, 2003

December 31, 2003

September 30, 2003

June 30, 2003

March 31, 2003

Americas

Operating income (loss)

$

30,175

$

17,048

$

(14,555

)

$

17,126

$

10,556

Add:

Depreciation and amortization

56,865

20,595

27,740

4,328

4,202

Equity income from unconsolidated subsidiaries

8,073

3,367

1,976

1,191

1,539

EBITDA

$

95,113

$

41,010

$

15,161

$

22,645

$

16,297

EMEA

Operating (loss) income

$

(20,851

)

$

(7,767

)

$

(13,834

)

$

1,335

$

(585

)

Add:

Depreciation and amortization

31,110

17,362

11,996

873

879

Equity (loss) income from unconsolidated subsidiaries

(206

)

131

(229

)

18

(126

)

EBITDA

$

10,053

$

9,726

$

(2,067

)

$

2,226

$

168

Asia Pacific

Operating income (loss)

$

7,046

$

4,690

$

2,301

$

1,878

$

(1,823

)

Add:

Depreciation and amortization

2,226

486

554

601

585

Equity income from unconsolidated subsidiaries

361

246

42

50

23

EBITDA

$

9,633

$

5,422

$

2,897

$

2,529

$

(1,215

)

Global Investment Management

Operating income (loss)

$

9,460

$

5,165

$

3,412

$

1,252