Bear Stearns Expands Commercial Real Estate Lending Business in Europe.Stephen Haskin and Steve Williams Named Co-Heads LONDON -- Bear Stearns International Limited today announced the appointments of Stephen Haskin and Steve Williams to co-head the firm's expanding European commercial real estate lending business. Mr. Haskin and Mr. Williams, both senior managing directors, are responsible for expanding both securitized and non-securitized lending as well as other principal activities related to commercial real estate in Europe. They intend to make additional hires as the business continues to grow. Based in London, they have dual reporting lines to Randy Reiff and Christopher Hoeffel, co-heads of the global Commercial Mortgage Backed Securities department, and Yves Leysen and John Moore, co-heads of Fixed Income in Europe. Mr. Haskin has been with Bear Stearns for 11 years 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 , where he was a senior member of the firm's real estate investment banking team. Mr. Williams joins Bear Stearns from Capmark Financial Group Inc., where he was executive vice president and president of the company's European operations based in London. "These appointments provide a powerful combination by bringing together an experienced senior real estate investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. in Steve Haskin and a seasoned real estate finance executive with in-depth knowledge of the European real estate capital markets in Steve Williams," said Mr. Reiff. Mr. Leysen added, "These appointments demonstrate Bear Stearns' commitment to grow its real estate lending business in Europe and are an important step towards our goal of becoming a leading provider of capital to the European commercial property market." While at Bear Stearns, Mr. Haskin executed public debt and equity offerings, commercial mortgage financings, and mergers and acquisitions on behalf of U.S. public real estate investment trusts (REITs), private real estate companies and real estate private equity funds. Prior to joining Bear Stearns in 1995, Mr. Haskin was involved in the acquisition, disposition and financing of commercial real estate at Arthur Andersen and Jones, Lang, Wootton. At Capmark, formerly GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage Corp., Mr. Williams led and directed its lending and investment activities in Europe. Mr. Williams has over 20 years of experience in commercial real estate finance in the US, Europe and Asia. He was previously with First City Financial Corporation and Resolution Trust Corporation. Bear Stearns' Real Estate Principal Investments (REPI REPI Radar Equipment Prime Item ), which has underwritten $300 million in commercial real estate transactions across Europe in its first year of operation, will continue to be run as a separate group by co-heads Ralf NEcker and Philippe Vienot. Bear, Stearns International Limited (BSIL BSIL Blue Screen Infinite Loop ) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). BSIL currently employs more than 1,100 staff in London who serve corporations, institutions, partnerships and governmental entities in the United Kingdom, Europe and the Middle East. BSIL's capabilities include investment banking, institutional equities and fixed income sales, trading and research, derivatives, financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. , foreign exchange and global clearing. Bear, Stearns International Limited is authorised and regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . Founded in 1923, The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking, securities trading and brokerage firm. With approximately $61.9 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, securities 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, 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 13,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at http://www.bearstearns.com/. |
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