Bear Stearns Financial Institutions Group Hires Sanjiv Sobti.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 12, 2001 Bear, Stearns & Co. Inc. announced today that Sanjiv Sobti has joined the firm as a senior managing director in the Financial Institutions Group of Investment Banking focusing on depository and other financial institutions. Mr. Sobti is joining Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. as part of investment banking's continued build-out of its financial institutions effort. The Bear Stearns Financial Institutions Group, under the direction of David Platter, provides strategic investment banking services, including capital raising and mergers and acquisition advice, to a wide range of 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. companies, including asset management, Blue Cross/Blue Shield enterprises, brokerage, depository institutions, finance, insurance, and other financial companies. Mr. Sobti comes to Bear Stearns from J. P. Morgan where he was a managing director in that firm's Financial Services Group. Prior to that he spent ten years at Lehman Brothers, Inc. where he was a managing director in its Global Mergers and Acquisitions Group and co-head of the group's financial services area. Mr. Sobti holds a BA, cum laude in Economics from St. Stephen's College at the University of Delhi The University of Delhi, (DU)is a university in India. Established in 1922, it is one of the premier universities of the country and is known for its high standards in teaching and research. It offers courses at the Undergraduate and Post Graduate levels in most subjects. ; an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and PhD in Finance from The Wharton School. 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 $26.3 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 approximately 11,200 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Denver, 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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