Calyon Names Keith H. May, Veteran Executive, to Help Cooordinate Coverage to Large Institutional Tax-Exempt Asset Sector.Move Underscores Investment Bank's Coverage Commitment to This Market 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 -- Calyon, the Corporate and Investment Bank of the Credit Agricole Group, is expanding its coverage commitment to the large corporate pension, public fund and endowments sector with the addition of Keith H. May, an experienced veteran in institutional tax-exempt asset management, as a Managing Director. Mr. May will participate in the coordination of Calyon's relationships in this broad industry sector for North America. He joins Calyon's Financial Institutions Group team based 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. , which focuses on overall fund sponsor solutions, capital markets activity and alternative investments. Mr. May previously was for two years with Nomura Americas, where he had similar responsibilities on both the Capital Markets and Asset Management sides. Prior to Nomura, Keith spent 15 years with Citigroup, holding a number of senior positions, including supervising relationship management functions within the corporate and investment bank, global custody, pension fund consulting and defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan administration. Mr. May also has served as Director of Client Services, Master Trust, at State Street Bank & Trust, and as Director of Pension Services at Montreal Trust Co. in Canada, where he managed the portfolio management, analytics and trust administrative functions. He has been host and moderator for the annual CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Forum since its inception. This spring, fund sponsors representing $1 trillion in assets participated in the event. About Calyon Calyon is a wholly-owned subsidiary of Credit Agricole S.A, and is its corporate and investment banking entity. Credit Agricole S.A. is in turn part of the Credit Agricole Group, the 6th largest banking group worldwide in terms of shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. , and which has total assets of EU1.38 trillion as of the end of 2006. Calyon, with a staff of over 13,000 employees in more than 58 countries, is active in a broad range of capital markets, investment banking and financing activities. Calyon in the Americas offers corporate and institutional clients the latest in financial products and services through its three main entities: the banking unit Calyon, the full service broker-dealer Calyon Securities (USA) Inc. which is a member of the NYSE NYSE See: New York Stock Exchange and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , and, for financial and commodities futures, Calyon Financial, which is registered with the CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). . In September 2006, Calyon obtained Financial Holding Company (FHC FHC Fernando Henrique Cardoso (President of Brazil, 1994-2002) FHC Family History Center FHC Financial Holding Company FHC Feline Health Center (Cornell University) FHC Fixed Head Coupe ) status under the Bank Holding Company Act enabling Calyon to expand and diversify the financial activities it conducts in the United States. Calyon's goal is to increase its growth in the Americas by adding to its range of high-added-value products in the areas of capital markets, investment banking and structured finance. With headquarters for the Americas in New York City, Calyon serves its North American clients from its offices in New York, Chicago, Dallas, Houston, Los Angeles, and Montreal in Canada. In Latin America, it operates as a bank in Brazil through Banco Calyon Brasil S.A. and has sales origination offices in Mexico, Argentina, Chile and Uruguay. www.calyon.com |
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