Bear Stearns Appoints Charles Ellinwood and William Bloom to Public Finance Posts.Business Editors NEW YORK--(BUSINESS WIRE)--July 14, 2000 Bear, Stearns & Co. Inc. announced today that Charles Ellinwood and William Bloom have joined the firm's Public Finance Department 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 . Mr. Ellinwood, a managing director, and Mr. Bloom, an associate director, will focus primarily on higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. and not-for-profit finance nationally and on certain governmental issuers in the mid-Atlantic states Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. . Commenting on the appointments, Bob Foran, senior managing director and co-head of public finance, said, "With their extensive experience in higher education finance and their understanding of higher education institutions, Charlie and Bill give us a firmer foothold in this growing and very dynamic sector of the public finance market." Mr. Ellinwood joins the firm from First Union Securities, Inc., where he was managing director of the Northeast Public Finance Group and the Higher Education Group. He previously worked as a managing director at A.H. Williams & Co. Inc., and as a vice president at Kidder, Peabody & Co. Mr. Ellinwood holds a bachelor's degree in history from Villanova University 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 Boston College Graduate School of Management. Mr. Bloom also joins from First Union Securities, where he was a director in the Higher Education Group. Previously he was with A.H. Williams as a vice president in the Not-for-Profit Group. He hold a bachelor's degree in computer engineering from Lehigh University. For the three-year period ended December 31, 1999, Bear Stearns ranked first in lead managed public financings for the top 10 issuers of municipal debt and fourth for the top 100 issuers. In 1999, the firm ranked sixth overall in lead managed, long-term, negotiated tax-exempt financings and had an average transaction size of $74.5 million, the second-highest average in the industry. The firm's higher education finance clients include the Universities of Chicago, Massachusetts and Miami and Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. . Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $24.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals 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 global clearing services to broker dealers, prime broker clients and other professional traders, including 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. . 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 more than 10,500 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit our Web site at http://www.bearstearns.com. |
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