Chase Expands its Biotechnology Research Team.Business Editors NEW YORK--(BUSINESS WIRE)--May 23, 2000 The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (NYSE NYSE See: New York Stock Exchange : CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) announced today that David T. Molowa, Ph. D. has joined Chase H&Q's equity research team, covering the biotechnology sector. Dr. Molowa joins as a managing director. In addition to Dr. Molowa, the firm also announced the addition of Maged Shenouda, Ronald Renaud and Alan Meyers to the firm's biotechnology research effort. "These hires are a clear illustration of our commitment to this dynamic sector," says Douglas Braunstein, head of the firm's healthcare banking group and head of global mergers and acquisitions. "We are extremely pleased that David, Maged, Ronald and Alan have joined the Chase team." Dr. Molowa will report to Todd Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. Bakar, managing director and director of equity research. Mr. Shenouda, Mr. Renaud and Mr. Meyers will report to Mr. Molowa. "Chase already has a top-notch research team in this sector with Rob Olan and Meg Malloy leading that effort," continued Todd Bakar. "With our expanded team, we will be able to increase the breadth and depth of our research ability." Dr. Molowa joins Chase from Bear, Stearns & Company where he was senior managing director and responsible for the coverage of the life sciences technology companies. He has been selected for Institutional Investor's All-American Research team for the past seven years. Dr. Molowa holds a Ph. D. from the Medical College of Virginia History The school was founded in 1838 as the Medical Department of Hampden-Sydney College. It received an independent charter from the General Assembly in 1854 and became the Medical College of Virginia, and shortly thereafter transferred all its property to the Commonwealth , a M.B.A. from Rutgers University Rutgers University, main campus at New Brunswick, N.J.; land-grant and state supported; coeducational except for Douglass College; chartered 1766 as Queen's College, opened 1771. Campuses and Facilities Rutgers maintains three campuses. and a B.S. from the University of Richmond. Previous to joining Bear, Stearns, he was a senior research biochemist at Merck & Co. Mr. Shenouda joins Chase from Bear, Stearns & Company where he was a vice president in equity research covering the biotechnology and European pharmaceuticals industries for large cap companies. Mr. Shenouda holds a M.B.A. from Rutgers and a B.S. from St. John's University. Mr. Renaud and Mr. Meyers were previously at Bear, Stearns & Company in the biotechnology group in equity research. The Chase Manhattan Corporation (www.chase.com) is a premier global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets in excess of $390 billion. Chase combines the best of commercial and investment banking, offers world-class information and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services, and has a leading U.S. consumer franchise that serves 32 million customers. Through its newly formed business unit Chase.com, Chase is successfully creating innovative business models for the New Economy. Chase, with offices in more than 45 countries, has a presence in all of the principal financial centers around the world. |
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