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NEW CO-CHAIRMEN FOR CEDAR STREET SECURITIES

 NEW YORK, Aug. 27 /PRNewswire/ -- Mabon Securities Corp. announced today that effective immediately Mark Nugent and S. Mark Erenstein have been named co-chairmen of Cedar Street Securities Corp., a wholly owned subsidiary. Their appointment reflects both their achievement at the firm and their ability to work as a team to develop Cedar Street's business even further. They will jointly assume the responsibilities of Thomas Coffey, former chairman of Cedar Street, who resigned to pursue other interests.
 In addition to these promotions, Christopher Wells and Michael Giordano have been elected to the board of directors of Cedar Street Securities. Salvatore J. Trani, chairman of Mabon, noted, "These appointments provide Cedar Street Securities with a very experienced, talented and knowledgeable management team."
 Together with its affiliate in London, Cedar Street Ltd., the firm is a leading interdealer broker in U.S. and international fixed securities and U.K. equities.
 -0- 8/27/93
 /CONTACT: Daniel Kornstein of Mabon Securities Corp., 212-346-5810/


CO: Mabon Securities Corp. ST: New York IN: SU: PER

SH-MP -- NY013 -- 6524 08/27/93 09:52 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
Words:178
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