PaineWebber adds seven additional Kidder, Peabody professionals to its Municipal Securities Group.NEW YORK--(BUSINESS WIRE)--Nov. 17, 1994--Seven additional Kidder, Peabody municipal investment banking professionals have joined PaineWebber, it was announced today by Terry L. Atkinson, Managing Director of PaineWebber's Municipal Securities Group. These additions will further strengthen PaineWebber's capabilities in several strategic areas, including water and sewer, corporate-related debt, 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 state and local, and Puerto Rico Government Development Bank The Government Development Bank of Puerto Rico (GDB) was the brainchild of Governor Rexford Guy Tugwell, who signed Law 252 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. financings. Joining PaineWebber from Kidder, Peabody are: Paul E. Ladd, managing director; William B. Holmberg, first vice president; David I David I, king of Scotland David I, 1084–1153, king of Scotland (1124–53), youngest son of Malcolm III and St. Margaret of Scotland. During the reign of his brother Alexander I, whom he succeeded, David was earl of Cumbria, ruling S of the Clyde . Weprin, first vice president; Thomas Liu, vice president; Jean C. Tung, analyst; Amiel L. Aharon, analyst; and Tom Innis, analyst. On Monday, Nov. 14, 1994, PaineWebber announced that Kidder, Peabody's Philadelphia municipal finance group had joined the firm. Today's announcement brings to 14 the number of Kidder, Peabody municipal finance investment bankers joining PaineWebber. Atkinson said, "PaineWebber and Kidder, Peabody both have strong municipal finance operations The execution of the joint finance mission to provide financial advice and guidance, support of the procurement process, providing pay support, and providing disbursing support.See also financial management. , which strategically complement each other. Together, our expanded capabilities will allow us to increase market share, develop new business opportunities and enhance service for our municipal clients nationwide. We're delighted to welcome these talented professionals to the PaineWebber team." With more than 13 years experience in municipal finance, Paul E. Ladd has extensive expertise in water and waste water finance, serving as lead banker for a wide variety of municipal water and sewer authorities nationwide. As managing director of Kidder, Peabody's Municipal Utility Group, he was responsible for all of the firm's water and waste water financings. He also played a key role in designing and structuring state revolving funds for the firm's municipal clients, an area where Kidder, Peabody has been the industry leader since 1989. Ladd earned a BA from Williams College and an MPPM MPPM Master of Public and Private Management (graduate degree) MPPM Master of Public Policy and Management MPPM Military Personnel Procurement Manual MPPM Multiple-Pulse-Position Modulation mppm Molar Parts Per Million MPPM Multi-Path Propagation Model from Yale University's School of Management. William B. Holmberg has more than 20 years experience in corporate and public finance. At Kidder, Peabody, he was a senior vice president in the Public Finance department, with broad experience in all types of general obligation and revenue bond financings. Most recently, he has focused on corporate and project finance related tax-exempt issues, as well as municipal issues for Puerto Rico and the City of Baltimore. A past member of public finance committees for both the Securities Industry Association and the Public Securities Association, Holmberg's expertise on public finance issues has been sought by both houses of Congress, as well as state legislatures. He earned his BS from Lafayette College and his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Columbia University Graduate School of Business. David I. Weprin has specialized in serving New York issuers for more than seven years, leading Kidder, Peabody's municipal finance efforts in New York State. Before joining Kidder in 1987, he served as a senior vice president in Donaldson, Lufkin & Jenrette's Public Finance division. Additionally, he has served in a number of capacities for the State of New York, including deputy superintendent of Banks, secretary to the New York Banking Board, and legislative assistant to both the Housing and Banking Committees of the New York State Assembly The New York State Assembly is the lower house of the New York Legislature, the state legislature of the U.S. state of New York. The Assembly is composed of 150 members representing an equal amount of districts, with each district having an average population of 127,000. . Currently, he is secretary of the Securities Industry Association's New York District, as well as a member of its Executive Committee. He earned a BA, cum laude, from the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. at Albany and a JJD JJD Johnny Just Drop (song) from Hofstra University School of Law The School of Law at Hofstra University was founded in 1970 and accredited by the ABA in 1971. The school now offers a JD, a joint JD/MBA degree, a JD/MS in Taxation and LLM degrees in International Law, American Law (for foreign law graduates) and Family law. . As a member of Kidder, Peabody's Municipal Utility Group, Thomas Liu has served in a variety of tax-exempt and taxable municipal bond Taxable municipal bond Taxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums. taxable municipal bond financings, specializing in water and sewer and state revolving fund programs. Before joining Kidder in 1992, Liu worked at Prudential Securities, where he assisted with new business efforts and provided technical, structuring, quantitative, and derivative analysis for a variety of clients. He received a BS from the University of Maryland University of Maryland can refer to:
PaineWebber Incorporated is one of the nation's leading, full-service securities firms, serving the investment and capital needs of a worldwide client base. On Oct. 17, 1994, PaineWebber and General Electric announced the signing of a definitive asset purchase agreement under which PaineWebber will acquire certain Kidder, Peabody Group Inc. assets. The transaction is expected to close in January 1995. CONTACT: PaineWebber Inc.
Jerome B. Johnson, 201/902-6718
or
Kekst & Co., New York
Jeffrey Z. Taufield, 212/593-2655
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