Dain Rauscher Wessels Has Signed a Strategic Partnership with Israeli Investment Bank Tamir Fishman.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Feb. 22, 2000 Dain Rauscher Wessels, the equity capital division of Dain Rauscher, has signed a strategic partnership and cooperative agreement with Israeli investment bank Tamir Fishman & Co., announced Peter Grant, president of Dain Rauscher Wessels. The partnership is part of an ongoing effort to improve Dain Rauscher Wessels' service to clients in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad, and in recognition of the impact of globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation on all businesses, Grant said. "With Tamir Fishman's reputation in Israel, we will significantly expand our ability to manage international transactions, as well as private and strategic financings," Grant said. "We are very enthusiastic about the opportunity of employing the knowledge and expertise of Dain Rauscher Wessels in assisting Israeli growth companies to achieve their goals," said Danny Fishman co-president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Tamir Fishman. Israel is considered to be "the second Silicon Valley" with more than 120 Israeli companies The top 10 Israeli companies by sales are[1]:
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on . Tamir Fishman is Israel's leading full service investment bank focused on technology and growth companies. Founded in 1996, the firm has raised over $1.7 billion for Israeli companies. As part of the agreement, Dain Rauscher Wessels will invest an undisclosed amount in Tamir Fishman and become an equity partner. Dain Rauscher Wessels will also become a partner in a new venture capital fund started by Tamir Fishman that will focus on communications, Internet and software firms. Tamir Fishman & Co. is a full-service investment bank based in Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest . The firm has 50 employees who provide expertise in private equity, asset management, corporate finance, brokerage and research. The Dain Rauscher Wessels division includes equity research, equity trading, institutional equity sales and corporate finance. The division's 38 analysts focus on five industries: consumer, energy, services, health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 350 people, has offices in Austin, Texas; Boston; Dallas; Houston; Menlo Park, Calif.; Minneapolis; 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. ; San Francisco; and Seattle. Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 26 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to non-affiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St. |
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