Andrew Shortland Joins Bear Stearns International's Equity Trading Group in London.Business Editors LONDON--(BUSINESS WIRE)--January 16, 2002 Bear, Stearns International Limited announced today that Andrew Shortland, a senior managing director with the firm in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , will be joining the London office as head of International Equity Trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as . Mr. Shortland will report to Eli Wachtel. Commenting on the appointment, Mr. Wachtel said, "Andrew's move to London further demonstrates our commitment to our expanding equity business in Europe. During the past ten years in NY, Andrew has held a number of senior positions within the International Equity Sales and Trading department and has proved to be a successful trader, manager and leader. I am delighted to have him assume this expanded role." Mr. Shortland was responsible for all international equity trading while in New York. Prior to joining Bear Stearns he was with Morgan Stanley both in London and New York. Bear, Stearns International Limited (BSIL BSIL Blue Screen Infinite Loop ) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns Companies Inc. BSIL currently employs 870 staff in London who serve corporations, institutions, partnerships and governmental entities in the United Kingdom, Europe and the Middle East. BSIL's capabilities include investment banking, institutional equities and fixed income sales, trading and research, derivatives, financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. , foreign exchange and global clearing. |
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