Market Overview

Waddell & Reed Appoints Buyle as General Counsel


Waddell & Reed Financial, Inc. (NYSE:WDR) has named Mark P. Buyle as
Senior Vice President, General Counsel and Chief Legal Officer. He will
serve as a member of the firm's Executive Leadership team and lead the
Legal, Investment Management Compliance, Broker-Dealer Compliance and
Internal Audit Departments.

Buyle is a 23-year firm veteran, joining Waddell & Reed in 1995 as
senior attorney and, over the years, has provided legal guidance to
nearly every area of the company. He most recently served as Interim
General Counsel, a role he assumed in April. Prior to that, he spent
several years as Deputy General Counsel.

Buyle reports to Philip J. Sanders, CEO of Waddell & Reed Financial, Inc.

"Mark's strong presence, leadership and wealth of knowledge have made
him a key source of insight to me and our team as we execute on several
strategic fronts," said Sanders. "We're pleased to have him step into
this role as he joins the executive team and provides continuity of
leadership for our legal, compliance and internal audit functions."

During his time at the firm, Buyle's range of work has included
involvement or oversight of legal work within multiple areas, including
compliance, regulatory, corporate and litigation.

Prior to joining Waddell & Reed, Buyle was a corporate attorney with the
Kansas City law firm Polsinelli. He has a Bachelor's Degree in Business
Administration from Kansas State University and a Juris Doctorate Degree
from the University of Kansas School of Law.

About the Company

Through its subsidiaries, Waddell & Reed Financial, Inc. has provided
investment management and financial planning services to clients
throughout the United States since 1937.
Today, we distribute our
investment products through the unaffiliated channel (encompassing
broker/dealer, retirement, and registered investment advisors), our
broker-dealer channel (through independent financial advisors), and our
Institutional channel (including defined benefit plans, pension plans,
endowments and subadvisory relationships).
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