Geron ’91 Joins Commerzbank Securities New York – Hobart and William Smith Colleges \
The HWS Update

Geron ’91 Joins Commerzbank Securities New York

Commerzbank Securities has announced four new additions to its New York team, including John Geron, a member of the Hobart Class of 1991. Geron will be a trader in New York for Pan European Equity Trading. He was previously with Bear Stearns & Company in New York as vice president, International Equities Trading. He holds a B.A. in economics from Hobart College. The press release from Commerzbank Securities is below.

Commerzbank Securities Announces Four Additions To Its New York Team

NEW YORK–(BUSINESS WIRE)–July 22, 2003–Commerzbank Securities today announced four new additions to its New York team:

— Jesse Shefferman takes the position of senior salesperson on the New York team for Pan European Equity Sales. He will report to Nick Hiley, head of brokerage and will be responsible for sales to institutional clients, especially in the Boston area. He joins from Salomon Smith Barney, Boston where he was vice president, European Equity Sales. Other prior positions include Schroder Salomon Smith Barney, London and Credit Suisse First Boston, Houston & London. He holds a B.S. in Accounting from Gordon College.

John Geron joins as a trader in New York for Pan European Equity Trading. He will report to David Hegarty, trader, Pan European Equity Trading. He was previously with Bear Stearns & Company in New York as vice president, International Equities Trading. He holds a B.A. in Economics from Hobart & William Smith Colleges.

— Puru Sareen becomes a salesperson in Equity Derivatives Sales, New York. He will report to Kumar Doraiswami, head of Institutional Sales. He comes from Merrill Lynch, New York where he was an institutional investment strategist. He held other previous positions with Credit Suisse First Boston, New York, Deutsche Bank, New York, Bankers Trust Company, New York and Johnson Matthey Bankers, New York. He holds an MBA in finance from New York University, M.S. & B.S. degrees in chemistry and chemical engineering respectively from Birla Institute of Technology & Science, India.

— Erik Palmetto joins as a trader on the Securities Finance team, New York. He will report to John Kolb, head of Securities Finance. He transfers from Commerz Securities (Japan) Company Limited where he was an equity repo trader in International Securities Finance. He was previously with Bear Stearns & Company in New York, London, & Japan and Saratoga Economic Development Corporation, New York. He holds a B.S. in Marketing & Management from Siena College.

Omar Bayoumi, head of the Americas states: “We are very pleased to have these new individuals as part of our New York team. They will add a dynamic dimension to our expanding capabilities in New York.”

Commerzbank Securities is the investment banking division of Commerzbank AG, integrating debt, equities, interest rates and foreign exchange, with specific expertise in corporate risk and capital structuring. As a division of one of Europe's leading financial institutions it has the backing of a EUR398bn(US$433bn) balance sheet (as of 3/1/2003) and is able to provide investment solutions for corporate, institutional, hedge fund and retail clients around the world.

In the United States, Commerzbank Securities transacts business through Commerzbank Capital Markets Corporation, a wholly owned registered broker-dealer of Commerzbank AG. Commerzbank Capital Markets Corporation is a member of NYSE, NASD and SIPC.