BZW Appoints Lombard as Director of Distressed Loan Trading.NEW YORK--(BUSINESS WIRE)--September 22, 1997--BZW, the investment banking division of Barclays Bank PLC, today announces the appointment of Shelly Lombard as a director of loan trading within the Global Markets Division in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . With responsibility for the trading of distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of , Lombard will report to Jo Ousterhout, managing director and head of syndications,loan trading and asset sales. Lombard joins BZW BZW Beziehungsweise (German: Respectively) BZW BZFlag World (file format/extension) BZW Blizzard Warning BZW Barclays der Zoete Wedd from Chase Securities Inc.'s Bank Debt Trading Group where she was a vice president and traded in distressed and par bank debt. Prior to that position she was a vice president in the special investments group at ING Capital Markets. Commenting on her appointment, Thomas L. Kalaris, president, BZW Securities Inc. said, "Shelly brings 10 years experience in structuring and trading credit products to BZW. We are extremely pleased to have her join us." Lombard graduated in 1987 from Columbia University Graduate School of Business with a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance and Strategic Management. CONTACT: BZW, 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 Corporate Communications Gail Carmody, 212/412-7573 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion