Bear Stearns Asset Management names new managing director.NEW YORK--(BUSINESS WIRE)--December 3, 1996--Bear Stearns Asset Management (BSAM BSAM Basic Sequential Access Method BSAM Basic Software Acquisition Management course (at IRMC/DSMC also known as SAM 101) BSAM Business Subject Area Model BSAM Bachelor of Shuddha Ayurvedic Medicine BSAM Basic Synchronous Access Method ) announced today the appointment of Patrick Mulvey as managing director. Reporting directly to Doni Fordyce, BSAM's director of marketing, Mr. Mulvey will be responsible for marketing BSAM products and services to large corporate pension plans. In addition, he will also assist in developing new products, marketing programs, and training and educating marketing support. Mr. Mulvey brings over 15 years of marketing experience to his current position. Prior to joining BSAM, he spent five years with LGT LGT Light LGT Lateral Gene Transfer LGT Lifeguard Training LGT Locomotiv GT (Hungarian rock band) LGT Lattice Gauge Theory (physics) LGT Liechtenstein Global Trust (bank) Asset Management, where he marketed domestic and global investment management services to corporate and public plan sponsors and major pension consultants. Previously, he was with Wilshire Associates Inc. and Gifford Fong Associates. Mr. Mulvey received his B.S. degree from Fordham University Fordham University (fôr`dəm), in New York City; Jesuit; coeducational; founded as St. John's College 1841, chartered as a university 1846; renamed 1907. Fordham College for men and Thomas More College for women merged in 1974. . "The addition of Patrick Mulvey should help BSAM generate new business and promote teamwork among our marketing and portfolio management teams," said Ms. Fordyce. "His expertise will also help build on our recognition and reputation with large institutional investors to improve our key strengths, namely, our broad product mix." As of October 31, 1996, Bear Stearns Asset Management had over $8.6 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Bear Stearns Asset Management is a division of Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading firm. With approximately $9.4 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 and trading, private client services, derivatives, foreign exchange and future sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, 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 over 7,800 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and San Francisco; and an international presence in Beijing, Buenos Aires, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Lugano, Manila, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. CONTACT: Mary Flounders-Green Bear Stearns 212/272-4356 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion