BZW appoints Thomas L. Kalaris to head up its North American securities business.NEW YORK--(BUSINESS WIRE)--Sept. 10, 1996--BZW, the investment banking division of Barclays Bank PLC, today announces the appointment of Thomas L. Kalaris as President of BZW BZW Beziehungsweise (German: Respectively) BZW BZFlag World (file format/extension) BZW Blizzard Warning BZW Barclays der Zoete Wedd Securities, Inc. Mr. Kalaris, who will be based 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 report to Bob Diamond, Chief Executive, Global Markets Division, in London, and Callum McCarthy, Chief Executive Officer of the Barclays Group, 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. . Mr. Kalaris, 40, joins BZW from JP Morgan, where he had been Managing Director and Head of Investor Client Management for North America. Since joining JP Morgan in 1978, Mr. Kalaris has held key management positions at that firm both in New York and London. His role prior to his most recent position was Global Head of fixed Income Trading, Sales and Research. At BZW, Mr. Kalaris will be responsible for all securities businesses in North America, including fixed income, foreign exchange, derivatives, commodities and international equities. Her will be a member of the Global Markets Management Committee. This is the latest in a series of senior appointments initiated by Bob Diamond since he joined BZW in June of this year. Others include Patrick Lin from Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , as Managing Director and Head of Fixed Income in Japan, Robert Morrice, from CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. , as Managing Director and Head of Credit Business in Europe and Abigail Hofman, formerly of Deutsche Morgan Grenfell, as Managing Director and Global Head of Debt Origination. Commenting on this latest hire, Bob Diamond said, "This appointment is another major step towards achieving BZW's objective of creating a fully-integrated global securities business. Tom Kalaris not only has the experience and reputation necessary, he is also one of those unique individuals who is both a leader and a team player. He will play a pivotal role in helping us to meet our objective in North America." Callum McCarthy added, "Tom Kalaris' joining BZW is a significant step in the development of our already broad capabilities in North America. His appointment further strengthens our management team in the USA and it underscores our committment to grow our business here." Mr. Kalaris received a Bachelor of Arts from Dickinson College Dickinson College, at Carlisle, Pa.; coeducational; Methodist; founded 1773 as The Grammar School, chartered and opened as Dickinson College 1783. It was named for John Dickinson. in 1976 and an 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 from the University of Chicago Graduate School of Business Recruiters also voice a strongly positive opinion of students. According to BusinessWeek's biannual MBA rankings: "Chicago's grads were hands-down favorites in our survey of companies that hire MBAs. in 1978. He is married with five children. -0- Note to Editors: Bob Diamond - Chief Executive, Global Markets Division. Based in London, Mr. Diamond has global responsibility for all of BZW's fixed income, derivatives, foreign exchange, treasury, futures and metal operations. Mr. Diamond joined BZW in June 1996, and was formerly Vice Chairman and Global Head of Fixed Income and Foreign Exchange at CS First Boston in New York. He is a member of the BZW Management Committee. Callum McCarthy - Chief Executive Officer for the Barclays Group, North America. Mr. McCarthy was appointed in February 1996, having previously been Chief Executive Japan since January 1993. He is a member of the BZW Management Committee, which has overall responsibilities for the Group's activities in North America and Japan. Background on BZW BZW, the investment banking division of Barclays Bank PLC, is a global business with representation in 30 countries and substantial operations in New York, Tokyo and London. It is active in advisory, origination and primary market activities, securities research, sales and trading, risk management activities, money market activities, foreign exchange and corporate lending, syndication and investment. BZW employs more than 8,000 people, over half of which are based outside Europe. Through its affiliation with the AA rated Barclays Bank PLC, BZW enjoys the support and commitment of a strongly capitalized banking group. Such support permits strategic investment in people and technology and allows the group to move capital on behalf of its clients. Barclays had total assets of $297 billion as of June 30, 1996. In North America, BZW comprises a broad range of origination, sales and trading activities. These include primary dealership in US Treasuries, capabilities in all corporate debt products including asset-backed and mortgage backed securities, strong positions in interest rate and currency derivatives, futures and commodities and one of the most experienced distribution teams in New York for international equities. In addition to its securities activities, BZW has a substantial Merchant Banking business including Mergers and Acquisitions Advisory, Structured Finance, Corporate Banking and Loan Syndications Loan Syndication The process of involving numerous different lenders in providing various portions of a loan. Notes: Mainly used in extremely large loan situations, syndication allows any one lender to provide a large loan while maintaining a more prudent and manageable . The global asset management business, BZW Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. , is based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Other Barclays operations were later integrated within BZW as well as increasing geographic responsibilities. In 1995, the group acquired Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Nikko Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , the world's largest pension fund manager, now called BZW Barclays Global Investors. CONTACT: BZW Gail Chambers, 212/412-7573 or The Dilenschneider Group Bill Daddi, 212/922-0900 H - 212/222-0964 |
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