Christine A. Callies Joins Bessemer Trust as Chief Market Strategist.Business Editors NEW YORK--(BUSINESS WIRE)--June 18, 2003 Bessemer Trust Bessemer Trust is a wealth management and investment advisory firm established in 1907 by Henry Phipps, a partner of Andrew Carnegie in the Carnegie Steel Company. From 1907 to 1974 the private company managed the substantial assets of the Phipps family and was headed by a family announced that Christine A. Callies recently joined the firm as Managing Director and Chief Market Strategist Noun 1. market strategist - someone skilled in planning marketing campaigns strategian, strategist - an expert in strategy (especially in warfare) to assist in shaping the firm's investment strategies. She has also been appointed to the firm's Investment Policy and Strategy Committee. In her new role with Bessemer Trust, Callies will provide the firm's clients and investment professionals with investment strategy research, quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of corporate securities and the financial markets, and asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. recommendations. She is also working with Bessemer Trust's portfolio managers and analysts to identify investment opportunities in specific industries and companies. "Throughout her 20-plus year career in the 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. industry, Christine has consistently demonstrated a positive track-record for developing and implementing portfolio strategies that have outperformed the market," said Timothy J. Morris, Bessemer Trust's Chief Investment Officer. "We are very excited to have someone of Christine's caliber join our team to help us develop appropriate investment strategies for our high-net-worth clients. Throughout Bessemer's long history, we have always sought to provide our clients with the most current insights into the market. Being able to expand this capability is especially critical in a period of tremendous uncertainty, when there is a pronounced need for deeper and broader research into the highly volatile markets." Prior to joining Bessemer Trust, Ms. Callies was First Vice President and Chief U.S. Investment Strategist for Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. and a member of the stock selection committee. She was responsible for domestic macro research, asset allocations, and structural analysis of the financial markets. In this capacity, Ms. Callies provided guidance to a wide range of domestic and international institutions and high- net-worth families. Previously, she was a Director and Chief U.S. Market Strategist for Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and co-chair of CSFB's investment policy committee. Earlier in her career, Ms. Callies also served as senior market strategist at Brown Brothers Harriman, Cowen and Company, and Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997, it merged with the Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. . Ms. Callies received a BA from Northwestern University in Evanston, Illinois. Founded in 1907, Bessemer Trust is a wealth management and investment advisory firm that focuses exclusively on high-net-worth families and their foundations and endowments. The firm oversees more than $34 billion in assets for approximately 1,800 relationships and provides an integrated approach to the various investment, tax, legacy planning and philanthropic needs of their clients. |
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