Bear Stearns expands worldwide convertible effort.NEW YORK--(BUSINESS WIRE)--Jan. 26, 1995--Bear, Stearns & Co. Inc. announced today several new additions to its worldwide Convertible Securities Department. Four professionals have joined the department in 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 : John Satenstein, formerly of Kidder Peabody, as a managing director responsible for convertible sales; Richard Ng-Yow, formerly of Kidder Peabody and an Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. All-Star research analyst for convertible securities, as a convertible market strategist Noun 1. market strategist - someone skilled in planning marketing campaigns strategian, strategist - an expert in strategy (especially in warfare) and associate director in Equity Capital Markets; Patrick Lu, formerly of Kidder Peabody, as a convertible analyst and associate in Equity Capital Markets; and Stephen Brennan, formerly of Mabon Securities, as a convertible salesman. Joining the London office are: Mark Elswood, formerly of Morgan Stanley, as a managing director responsible for the Emerging Markets convertible desk; and Philip Levy, formerly of Swiss BancCorp. in Zurich, as a managing director in Emerging Markets convertible sales. Commenting on the recent additions, David Liebowitz, senior managing director and head of the Convertibles Department, said, "The recent expansion of this area reflects our continued commitment to serving the needs of our clients in this business. We are pleased to enhance the convertibles effort with such a high level of talent that these professionals bring to Bear Stearns." The Bear Stearns Convertible Securities Department engages in sales, trading and research of convertible bonds, convertible preferreds and warrants. With 35 professionals in New York and London, the department serves major institutional managers who specialize in convertible securities, equity income portfolios or taxable fixed income portfolios. 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 $5.7 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 and trading, private client services, asset management, correspondent clearing, 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. and custody services. 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 over 7,600 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and Washington, DC; and an international presence in Beijing, Buenos Aries, Frankfurt, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, Karachi, London, Madrid, Manila, Paris, Sao Paulo, Shanghai, Singapore, and Tokyo. CONTACT: Bear Stearns & Co. Inc., New York Hannah Burns, 212/272-2395 |
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