Bear Stearns Hires Ilan Kaufthal as Vice Chairman of Investment Banking.Business Editors NEW YORK--(BUSINESS WIRE)--May 10, 2000 Bear, Stearns & Co. Inc. announced today that Ilan Kaufthal has joined the firm as a senior managing director and vice chairman of its Investment Banking Division. Mr. Kaufthal comes to 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. from Schroder & Co. Inc., where he was vice chairman, head of mergers and acquisitions and a member of the firm's Executive Committee. David Glaser and Jeffrey Urwin, co-heads of Bear Stearns' Investment Banking Division, commented, "We have been aggressively expanding our investment banking franchise worldwide with several senior appointments, and Ilan represents the most recent addition in the US. A highly respected banker, Ilan's talent and experience in a number of key industries will be valuable to our effort." Prior to joining Schroder in 1987, Mr. Kaufthal was senior vice president and chief financial officer of NL Industries. He serves on the board of directors of United Retail Group, Inc., ASI ASI, n See Anxiety Sensitivity Index. Solutions Incorporated, Cambrex Corporation, Russ Berrie & Company, Inc., and Edmunds.com. He also serves as a member of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Sy Syms School of Business The Sy Syms School of Business is Yeshiva University's undergraduate business school for men and women. It offers business programs for men at Yeshiva College's Wilf Campus in New York’s Washington Heights neighborhood, and for women at the Stern College for Women's Beren of Yeshiva University and of The Jewish Museum. Mr. Kaufthal is a graduate of Columbia University and the Stern School of Business at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . Bear Stearns also recently hired Jeremy Sillem, former co-head of worldwide capital markets at Lazard, as chairman of Bear, Stearns International Limited, and a team of 11 telecommunications investment bankers, led by Michael Phair, former global head of telecommunications and media at Dresdner Kleinwort Benson in London. In addition, two teams of equity research analysts who cover telecommunicastions and financial services have joined Bear, Stearns International Limited in London. Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading 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 $23.2 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, 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 more than 10,200 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, 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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