Bear Stearns Names Jeffrey Farber Controller.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 13, 2004 The 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. Companies Inc. announced today that Jeffrey Farber has been promoted to Controller. As Controller, Mr. Farber will be responsible for the firm's accounting and financial reporting activities worldwide. Prior to joining Bear Stearns in May 2000 as Assistant Controller, he was an audit partner at Deloitte & Touche where he worked for fourteen years. Mr. Farber assumes the role previously held by Marshall Levinson who has been named Senior Vice President - Finance. Mr. Levinson, who has held senior financial positions during his 16 year career at Bear Stearns, will now primarily be responsible for accounting and regulatory policy matters. The Bear Stearns Companies Inc. also announced today that Sal DiMaggio, John Stacconi and Robert Upton have been named Assistant Treasurers. Mr. DiMaggio will continue to coordinate the firm's bank relations; Mr. Stacconi the firm's global funding; and Mr. Upton the firm's relationships with the credit rating agencies Credit Rating Agencies Firms that compile information on and issue public credit ratings for a large number of companies. as well as managing funding and liquidity risk. 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 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. With approximately $37.5 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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