« Back to the top page

WTC Businesses Seek Missing Employees

By Dow Jones
09.12.2001
Categories

was named chief investment officer.

Meanwhile, 69 Keefe Bruyette & Woods Inc. employees who worked in the South Tower of the World Trade Center are still unaccounted for, a spokeswoman said late Wednesday morning. The New York investment-banking firm had 172 employees in the building.

The people that are unaccounted for work in various departments, the spokeswoman said. She wasn't more specific.

Maxcor Financial Group Inc. (MAXF), whose world headquarters was based in the South Tower, is still trying to account for the whereabouts or safety of about 60 employees. The company said it believes it has reliable confirmation of the safety of 225 of its 285 workers.

Employees working at J.P. Morgan Chase & Co.'s (JPM) Chase branch were safely evacuated Tuesday from their office, which was located in the World Trade Center's ground-floor mall, a spokesman confirmed. The spokesman didn't know the exact number of employees at the branch. No other offices were affected.

Citigroup Inc. (C) said it evacuated employees at its offices in New York's World Trade Center safely Tuesday before the building collapsed, and that no injuries had been reported as of Wednesday morning. The company occupied office space at 7 World Trade Center, the third building in the complex to collapse following the destruction of the twin towers.

Merrill Lynch & Co. (MER), which has offices in the World Financial Center, adjacent to the twin towers, believes all 9,000 of its employees were evacuated safely. The firm was open for business Wednesday, although its downtown offices were closed.

All employees of Moody's Investors Service in New York are safe and accounted for, a spokesman for the rating agency said. Moody's office, which is located at 99 Church Street, was within one block of the World Trade Center and remains " indefinitely closed," said John Cline, a spokesman for Moody's who was reached at home.

Moody's continues to issue ratings announcements from its offices outside of the U.S.

Three employees of the Commodity Futures Trading Commission are still unaccounted for, said spokesman David Gary. There were 75 people of the commission which worked at the World Trade Center, and Mr. Gary said the CFTC is confident that the missing people will be located safely.

Dozens of foreign companies had offices in the towers, including Sinochem American Holdings of China; Japan's Nikko Securities; Germany's CommerzBank AG; Zim-American Israeli Shipping Co. of Israel; and Cantor Fitzgerald Securities Corp. of London.

Detlev Rahmsdorf, a spokesman for Deutsche Bank AG (DTBKY) in Frankfurt, said more than 300 people work for the company in the Trade Center, in offices in the lower floors.

Ted Meyer, another Deutsche Bank spokesman, said the company is "working with the authorities to verify the safety of our employees." He said the company's financial operations were being transferred to backup facilities.

German insurance giant Allianz AG Holding (AZ) had about 300 people working in the building, though they maintain they don't know which floor.

"They were all evacuated and they're all well," said spokesman Hubertus Kuelps, who refused to elaborate further.

London-based Cantor Fitzgerald International, as well as eSpeed International, which was spun off by Cantor, said they were still taking stock of the tragedy. ESpeed is an electronic trading service with more than 650 clients world-wide. Both companies had operations on the 101st and 103rd to 105th floors, and employed 1,000 workers in the North Tower.

Cantor said about 100 people were out of the office and three injured workers have been located in Manhattan hospitals. The remaining workers are unaccounted for.

"All of our thoughts and prayers are with our New York colleagues and their families and friends at this time," said Howard W. Lutnick, chairman of both companies. "In a very difficult and confused situation, we are doing all that we can to determine more about the situations of colleagues."

In San Francisco, Henrik Slipsager of ABM Industries Inc. (ABM), said his company employed more than 800 engineers, janitors and lighting technicians at the World Trade Center.

"Our thoughts and prayers