C.J. Sylvester Joins Schwab Soundview Capital Markets; Key New Hire Strengthens Institutional Research Coverage of Healthcare Industry.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--March 23, 2004 Schwab Soundview Capital Markets ("SSCM SSCM Society for Seventeenth Century Music SSCM Servants of the Holy Heart of Mary (religious order) SSCM Society of Critical Care Medicine SSCM Space Station Change Memo SSCM Strategic Supply Chain Manager "), a business enterprise of The Charles Schwab Corporation, today announced the appointment of Christopher J. (C.J.) Sylvester as Managing Director and senior research analyst following the Major Pharmaceutical industry. Mr. Sylvester will report to John Hervey, Director of Research for SSCM. His appointment is effective immediately. "We are very pleased to welcome such a high-caliber and recognized professional to the SSCM team," said Mr. Hervey. "This is an exciting time for us as we continue to fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. and expand our research offerings and to leverage our exceptionally strong trading platform - the Schwab Liquidity Network(TM). In addition to our leading Technology and Washington Research franchises, we now have broad coverage of Healthcare, Media, Telecom and Aerospace and Defense." Mr. Sylvester brings deep experience and investor recognition for his objective and independent healthcare research. Prior to joining SSCM, he maintained research coverage of the major drug makers at UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System 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. . Mr. Sylvester achieved notable independent recognition for his pharmaceutical company research in recent years as his team ranked fifth in the United States by Greenwich Associates in their 2002 and 2003 surveys. 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. recognized Mr. Sylvester as one of the best of The Next Generation in their 2002 All-American Research Team survey. Mr. Sylvester noted "I am excited to join one of the emerging healthcare research leaders on the Street. Schwab Soundview Capital Market's commitment to providing high quality independent research to investors makes it a very attractive platform." About Schwab Soundview Capital Markets SSCM is the institutional research, trading and execution arm of The Charles Schwab Corporation. SSCM provides fast and efficient trade execution services for institutions, broker-dealers and all Charles Schwab and Co., Inc. ("Schwab") clients. The SSCM market maker, Schwab Capital Markets L.P. ("SCMLP"), makes markets in over 11,000 stocks. SSCM offers a variety of trading and research services and provides clients with anonymous access to deep, natural liquidity in OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). and listed stocks Listed stocks Stocks that are traded on an exchange. as well as access to value-added liquidity pools available through the Schwab Liquidity Network(TM), state-of-the-art trading technology, and a full range of balanced, actionable, analytical research from an assortment of perspectives (fundamental, policy, technical and quantitative) while maintaining the highest level of quality and service. The Schwab Liquidity Network, Market-Making, Sales Trading, Block Trading, Electronic & Program Trading program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated computer models to hedge positions. and Distribution of Public Equity Offerings are products and services of SCMLP. Fundamental stock research is produced by SoundView Technology Corporation ("SoundView"). Schwab, SCMLP and SoundView are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Charles Schwab Corporation. SoundView Technology Group, Inc. Member SIPC/NASD. (C)2004 All rights reserved. (0304-8558) |
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