Bram Smith Joins Bear Stearns as Senior Member of Leveraged Finance Group.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2003 Bear, Stearns & Co. Inc. announced today that Bram Smith has joined the firm as a senior managing director in the Leveraged Finance Group. Mr. Smith 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. with over 20 years experience in debt underwriting and distribution. He will head up the syndication and distribution of leveraged loan transactions originated by the firm's 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 and London based teams. He will report to Lawrence Alletto and Keith Barnish, senior managing directors and co-heads of Global Leverage Finance. Commenting on the hire, Mr. Barnish said, "Bram is an important addition to our loan group. He is an individual with significant deal experience and strong client relationships, who will help the continued growth of our leveraged finance franchise." Mr. Smith was most recently with Morgan Stanley It was originally set up when banks could not perform trust company services. . Bear Stearns leveraged lending focuses on providing all forms of capital in conjunction with advisory capabilities for both corporate clients and financial sponsors in the U.S. and Europe. Within the Leveraged Finance Group, the leveraged loan team works in conjunction with high yield bond underwriting to better address the requirements of investors and issuers in the non-investment grade arena. 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 serving governments, corporations, institutions and individuals worldwide. 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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