Bear Stearns Names Kelley Millet Head of Debt Capital Markets.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 5, 2001 Bear, Stearns & Co. Inc. today announced that Kelley Millet millet, common name for several species of grasses cultivated mainly for cereals in the Eastern Hemisphere and for forage and hay in North America. The principal varieties are the foxtail, pearl, and barnyard millets and the proso millet, called also broomcorn millet will join the firm as a senior managing director and global head of high grade debt capital markets. Commenting on the appointment, Warren Spector, executive vice president and head of fixed income, said, "We are proud to be joined by a professional of Kelley's exceptional competency. Along with an impeccable reputation among his peers and clients, he possesses the depth of product knowledge and transaction experience necessary to lead our global debt capital markets franchise to a new level of success." Mr. Millet joins 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 J.P. Morgan Chase & Co. He began his career in 1982 at J.P. Morgan, where he was most recently head of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. origination and global head of debt syndicate for investment grade clients. He was responsible for leading the origination and execution of all fixed income products, preferred securities and derivative product transaction origination associated with new debt issues. Mr. Millet holds a BA in economics from Amherst College Amherst College, at Amherst, Mass.; founded 1821 as a college for men, coeducational since 1975. A liberal arts institution, Amherst maintains a cooperative program with Smith College, Mount Holyoke College, Hampshire College, and the Univ. of Massachusetts. . The Bear Stearns Debt Capital Markets Group is a leading issuer of corporate debt securities. In spite of difficult fixed income markets in the recent past, Bear Stearns managed approximately $65 billion of corporate bond offerings in 2000. The firm has earned its strong reputation and long track record of service to recurring clients by offering creative solutions to corporations' financing requirements. In an unrelated move, Bear Stearns announced that Robert Lunder, a senior managing director, has been promoted to head of the Government Bond Department. Mr. Lunder has been with the firm for nearly 15 years, most recently as head of Agencies. He replaces Gary McLoughlin, who retired after a distinguished 10-year career at Bear Stearns and 30 years on Wall Street. "We are thrilled to promote Bob Lunder to head of governments," commented Mr. Spector. "Under his management, our Agencies business grew more than fourfold, and we believe he will provide a seamless transition as he follows Gary McLoughlin's accomplished leadership of the Government Bond Department." Founded in 1923, Bear, Stearns & Co. Inc. is 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, 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 prime broker and broker dealer services, 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 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, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com. |
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