Bear Stearns' Research Department Expands Coverage in Asia; Three Analysts Join the Global Emerging Markets Team.Business Editors NEW YORK--(BUSINESS WIRE)--April 14, 2003 Ramping up its expertise in global emerging markets research, Bear, Stearns & Co. Inc. has added three analysts to its global emerging markets team to cover Asian banks, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , oil, gas and electric utilities. Rowe Michels, head of Global Emerging Markets Research, said the new hires augment US research in those areas while completing efforts to build up Bear Stearns' Asia Sector coverage. "Our research expansion in Asia demonstrates our commitment to providing clients with more of the proprietary insights they want on the region," said Michels. "The new hires give us the ability to cover approximately 65% of the average daily trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. in Asia (ex-Japan), with what we believe are some of the best analysts in the business." Jim Antos, who will cover Asian Banks and Financial Services, has a total of 20 years industry experience in commercial banking, 15 of those years in Asia. Prior to joining Bear Stearns, Antos covered the banking sector out of UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg's Jakarta office. AsiaMoney ranked Antos the No.1 Indonesian bank analyst in 2001. In 2002, Antos was also part of the top-ranked Indonesian research team by Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Adam Clarke, who will cover Asian Oil & Gas, has been head of research for Caspian Securities Thailand and SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Warburg Thailand. Clarke also headed research for Capital Nomura Securities in Bangkok before eventually specializing in Asian Oil & Gas. Euromoney and AsiaMoney ranked Clarke No. 1 for Thailand Country Research in the past. Bradley Burch, who will cover Asia Electric Utilities, has over 10-years research experience. Before joining Bear Stearns, Burch held several positions at Nomura Singapore Limited, including head of research overseeing Singapore and Malaysia. Prior to joining Nomura, Burch was the top-ranked analyst for Asia Power Research by Greenwich Associates. The analysts, all managing directors, are based in Hong Kong. For more information, members of the press may contact Monica Orbe at (212) 272-9294 or morbe@bear.com. Founded in 1923, The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm serving governments, corporations, institutions and individuals worldwide. With approximately $32.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individual worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's Web at http://www.bearstearns.com. |
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