Bear Stearns Hires Mark Davies as Head of Credit Derivatives.Business Editors 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 , New York--(BUSINESS WIRE)--April 24, 2003 Bear, Stearns & Co. Inc. confirmed today that Mark Davies For the English cricketer who plays for Durham, please see Mark Davies (cricketer) Mark Davies (born February 18, 1988) is an English football player, who usually plays in the midfield. will join the firm as head of Credit Derivatives in May. In this role, Mr. Davies will oversee Global Credit Derivatives. A senior managing director, Mr. Davies will be based out of the New York office and will report to Jeffrey Mayer and Craig Overlander, co-heads of Global Fixed Income. Commenting on the hire, Warren Spector, president and co-chief operating officer, said, "Mark will be a tremendous addition to our team and will further advance our capabilities in Credit Derivatives. His experience, client relationships and knowledge of the derivatives landscape will be a real asset to our effort as we continue to grow this important franchise." Mr. Mayer and Mr. Overlander, added, "Mark is a true professional and one of the leaders in the Credit Derivatives industry. His experience coupled with his vast product knowledge can help us make significant strides in what is already a strong and valuable franchise at Bear Stearns." Mr. Davies will join from Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , where he has been a managing director and global head of Credit Derivatives for Developed Markets. Mr. Davies earned a B.S.c. from Exeter University in pure and applied mathematics. Founded in 1923, The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $32.0 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 financing, 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. , 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 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com. |
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