Eugene Ugiagbe

Bear Stearns Companies

The original Bear Stearns was started on May 1, 1923 as a US based Equity Trading house with a partnership between Joseph A. Bear, Robert B. Stearns and Harold C. Mayer. The company thrived in the booming post war expansion bringing investment options to the masses. Bear Stearns was instrumental in making history by developing the bond market in response to President Roosevelt's infrastructure development initiatives as the country struggled out of the Depression and during the 1940's was instrumental in the evolution of the rail industry through key mergers and acquisitions. By 1948 international expansion began and through the 50's became one of the originators of block trading strategies. Throughout the 1960's Bear Stearns became a household name among investors and was highly successful in pioneering the retail business model we know today, developing into a financial powerhouse that continued to make history. By the 1980's Bear Stearns had become a billion dollar powerhouse and grew into a publicly traded company in 1985 specializing in capital markets, securities trading and lending, wealth management and global clearing services until it was acquired by a global Investment Bank and ceased operations in 2008 during the global financial crisis of that time. The firm has been revitalized by a partnership with a group of influential investment bankers and a select group of private investors. The New Bear Stearns continues the legacy of forward thinking and global investment banking reach across most major financial markets of the world. We provide specialized financial services for exclusive corporations, governments, financial institutions and select private individuals across a wide range asset of management and investment banking products. The New Bear Stearns is committed to leading change initiatives to improve economic practices. Bear Stearns will be at the forefront of restructuring those practices for the benefit of humanity and the environment.