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Bear Stearns Hires Lee Stettner as Global Head of Equity Capital Markets

NEW YORK--(BUSINESS WIRE)--Bear, Stearns & Co. Inc. announced today that Lee Stettner will join the firm as a senior managing director and global head of Equity Capital Markets. In this newly created position, Mr. Stettner will play a key leadership role in the firm's Strategic Finance Group where he will focus on further developing the firm's capital markets product offerings.

Commenting on the hire, Alan Schwartz, President of Bear Stearns, said, "Our Strategic Finance Group is designed to offer our clients an unmatched product suite accompanied by top-flight execution capabilities. The addition of Lee will greatly enhance that effort. We are confident that his equity capital markets expertise will prove invaluable to a wide range of clients both in the US and internationally."

Mr. Stettner has over seventeen years experience in the industry and has led equity and equity-linked transactions for more than one hundred companies during his career.

"Throughout my career, I have prided myself on developing innovative and effective solutions for clients," said Mr. Stettner. "This is a compelling opportunity to work within a tremendous organization that has a leading client-centric strategic finance platform."

Mr. Stettner will join Bear Stearns from Deutsche Bank, where he was Head of Healthcare Investment Banking for the Americas. Previously, he served as Co-Head of Equity Capital Markets for the Americas at Deutsche Bank and spearheaded ECM coverage for healthcare and real estate/gaming/lodging.

Prior to Deutsche Bank, Mr. Stettner helped build the Equity Capital Markets franchise at Credit Suisse First Boston, where he covered primarily the healthcare and business service sectors. He also held positions at Morgan Stanley and Dean Witter. Mr. Stettner holds a Bachelor of Arts from Hamilton College and a Master of Business Administration from the Wharton School of Business at University of Pennsylvania.

Bear Stearns Strategic Finance Group was launched in 2004 as a joint effort between equities, fixed income and investment banking designed to provide clients with tailored, comprehensive solutions to fit their needs. In 2006, Euromoney Magazine heralded the approach, naming Bear Stearns "Best Investment Bank in North America" and in 2007 Global Finance Magazine named Bear Stearns "Most Creative Bank" in their Annual Best Investment Banks Issue.

Bear Stearns
Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a leading financial services firm serving governments, corporations, institutions and individuals worldwide. The Company's core business lines include institutional equities, fixed income, investment banking, global clearing services, asset management, and private client services. Headquartered in New York City, the company has approximately 15,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at www.bearstearns.com.

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