Bear Stearns Expands Its Strategic Finance Investment Banking Group with Two Hires.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 -- Bear, Stearns & Co. Inc. announced today that Francesco A. Ceccato and Matthew T. Prendergast have joined the firm as managing directors in Investment Banking, focusing on the firm's insurance clients. Mr. Ceccato and Mr. Prendergast will report to C. Erich Bluhm, a senior managing director, within the Strategic Finance Group of Investment Banking. Commenting on the hire, Mr. Bluhm said, "We are pleased to have Francesco and Matt join our growing team in the financial institutions space. We are particularly excited about their role in further enhancing our insurance company coverage effort and building our insurance product capabilities." Both gentlemen join Bear Stearns from General Electric Company ("GE"), where they most recently served in senior capacities in GE's Corporate Capital Markets Group, and where their principal involvement was with insurance transactions. Mr. Ceccato was with GE for over six years. Prior to his role in Capital Markets, he held positions of increasing responsibility in the firm's internal M&A division, focusing on insurance transactions in Europe. Previously he was employed by 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 and Lazard. Mr. Ceccato holds a Bachelor of Arts in Philosophy, Politics and Economics from Oxford University and Master of Science with Distinction from the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden . Mr. Prendergast spent fourteen years with GE, during eight of which he worked for Financial Guaranty Insurance Company ("FGIC FGIC See Financial Guaranty Insurance Corporation (FGIC). ") in various operational, transactional, and product development roles. Prior to GE, Mr. Prendergast held various risk, structuring, and underwriting roles, focused on the financial institutions sector at Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , L.F. Rothschild, Citibank and Bankers Trust. Mr. Prendergast holds a B.B.A in Public Accounting from Pace University. Founded in 1923, Bear, Stearns & Co. Inc. is a leading 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 $57.6 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 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 12,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at www.bearstearns.com. |
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