Bear Stearns Forms Leveraged Loan Origination and Syndication Group; Hires BankAmerica Team.NEW YORK--(BUSINESS WIRE)--April 14, 1999-- Bear, Stearns & Co. Inc. announced today the formation of the Leveraged Loan Origination 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. and Syndication Group in its Fixed Income Division. 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. also announced that Keith Barnish, Mark Lies and Steve Capp have joined the firm to head the new effort. They will report to Don Mullen, senior managing director and head of credit markets in the Fixed Income Division. Don Mullen and David Solomon, senior managing director and co-head of Investment Banking, said, "This is an important new product for our investment banking effort as we expand our client base, particularly with financial sponsors. The leveraged loan origination and syndication capability, together with our industry-leading high yield franchise, is the most recent example of how we are meeting our investment banking objectives of providing fully integrated solutions for clients' needs." Mr. Barnish is joining Bear Stearns as a senior managing director from BankAmerica where he was a managing director and head of Global Syndicated Finance. At BankAmerica he directed the origination, structuring and underwriting of floating debt rate products throughout the US, Canada, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and Asia. Prior to its merger with NationsBank, he was head of global syndicated finance and ran all origination, structuring, underwriting, distribution and trading of floating rate debt for BankAmerica. Mr. Lies, also joining as a senior managing director in the group, was a managing director at BankAmerica and head of origination for the domestic and Canadian syndicated finance business. His responsibilities and prior experience included the coverage of financial buyers for the leveraged finance business as well as coverage of the bank's corporate franchise, including industry sectors such as insurance, automotive, health care, high technology and retail. Mr. Capp, who is joining Bear Stearns as a managing director, was most recently a managing director in BankAmerica's Syndicated Finance Group, and has had a focus on the casinos and lodging, entertainment, media, telecommunications and technology sectors. Previously, he was also in charge of BankAmerica's Latin Syndicated Finance Group. Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the and brokerage firm, is the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ). With approximately $19.3 billion of total capital, Bear Stearns serves governments, corporations, institutions and private investors 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 futures 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 approximately 9,600 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Shanghai, Singapore and Tokyo. |
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