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RAE JOINS MABON

 NEW YORK, Aug. 2 /PRNewswire/ -- Bruce D. Rae, 35, has joined Mabon Securities Corp. as a senior vice president of convertible sales in the firm's convertible bond sales department.
 "Rae's hire is part of a program to expand institutional sales," said Edwin McGuinn, managing director, institutional equities department. "Rae's professional experience will contribute significantly to our growth in this area. His background will make him a strong contributor to the Mabon team."
 Rae had previously been with Paine Webber Inc. where he served as vice president of convertible sales since 1989, covering institutional accounts in New York, Boston and Chicago. From 1987-1989, Rae was vice president - convertible sales with Dillon Read and from 1985 to 1987, he was a sales executive in E.F. Hutton's convertible bond department.
 He also spent four years at Prudential Insurance Co. where he was a trader of convertible securities.
 Mabon Securities is a member of the New York Stock Exchange and other principal exchanges. It offers services to institutional investors, broker-dealers, banks, corporations and individuals.
 -0- 8/2/93
 /CONTACT: Tim Branton of Institute for Corporate and Government Strategy, 212-980-0729, for Mabon Securities/


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

MP-TS -- NYM002 -- 8253 08/02/93 10:00 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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