Morgan Lewis Githens & Ahn Begins Trading Activities; Matthew DiBiase and Michael Racaniello Join Trading Operation.Business Editors NEW YORK--(BUSINESS WIRE)--May 8, 2002 Morgan Lewis People named Morgan Lewis include:
Mr. Sorte also reported the appointments of Matthew DiBiase and Michael Racaniello to the trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign . He added that initial trading activities will service institutional clients in equity and convertible securities. "This represents a significant step forward for Morgan Lewis in our program to establish our firm as a leader in serving the middle market," said Mr. Sorte. "It further enhances our capabilities in the marketplace, and with Matt and Michael we have a solid, experienced team to manage our trading activities." Morgan Lewis Githens & Ahn, a 20-year-old broker-dealer, was acquired in November 2001 by an investment group with the objective of expanding it into a full service investment banking firm for middle market companies. The firm currently has approximately 35 investment bankers, each having broad previous experience with major Wall Street firms in such areas as financing, merger and acquisition strategies and restructurings. Morgan Lewis' equity analysts also now regularly publish reports on industries and companies in its target market. "When we acquired the firm, we did so believing that recent mergers and amalgamations in the securities industry have left a void in meeting the needs of middle market companies and one that we could fill," commented Mr. Sorte. "In our first five months, we have experienced a gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. response. The ability to trade securities, and particularly to make markets in securities which we recommend or underwrite, will add measurably to our opportunities." Matthew DiBiase, with 20 years experience in the investment business, was responsible for all trading at Southcoast Capital Corporation and also at the Brenner Group, prior to its acquisition by Southcoast. Mr. DiBiase for the last two years has concentrated on investing his personal assets. During his career, he was an equity trader at two established hedge funds, Caxton Corporation and Craig Drill Capital, and previously was head trader for the convertible arbitrage Convertible Arbitrage An investing strategy that involves the long position on a convertible security and a short position in its converting common stock. Notes: department at S.G. Warburg & Co. Michael Racaniello was for the past year a senior NASDAQ NASDAQ 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 trader at Brokerage America Incorporated. During his seven years on Wall Street, he has, among others, also held senior trading positions at Ladenburg Thalmann & Company and HCFP HCFP Facial Paresis, Hereditary, Congenital HCFP Hillary Clinton for President Brenner Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The phone number of the Morgan Lewis trading desk is 585-899-6021. About Morgan Lewis Githens & Ahn Morgan Lewis Githens & Ahn, Inc., is a full service investment banking firm focused on middle market companies with enterprise values ranging from $50 million to $750 million. Morgan Lewis has its principal offices 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. and Nashville, Tenn. More information can be obtained through the Company's web site at www.mlga.com. |
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