David Edwab Joins Bear Stearns to Lead Retail Investment Banking

Business Wire, Nov 10, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 10, 2000

Bear, Stearns & Co. Inc. announced today that David Edwab, the newly elected vice chairman of The Men's Wearhouse Inc., has joined Bear Stearns as a senior managing director to lead its retail investment banking practice.

Commenting on the appointment, David Glaser and Jeffrey Urwin, co-heads of investment banking said, "This is a important appointment for us. We have made a commitment to expand our investment banking franchise by providing clients with access to the best service in the industry, and bringing aboard someone with David's exceptional knowledge and experience helps us meet that commitment."

Mr. Edwab added, "I am delighted to join Bear Stearns, which has offered me an exciting opportunity to build upon an established investment banking practice in an industry with which I am intimately familiar."

Mr. Edwab joins the firm after nearly a decade at Men's Wearhouse, where he was until recently the company's president and where he will continue as vice chairman. Prior to that, Mr. Edwab, a certified public accountant, was head of the southwestern corporate finance and retail practice at Deloitte & Touche. He holds a bachelor's degree from Fairleigh-Dickinson University.

Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $24.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers global clearing services to broker dealers, prime broker clients and other professional traders, including securities lending. Headquartered in New York City, the company has more than 11,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com.