Addition of Two Senior Research Analysts in New York Further Positions Pali Institutional Securities Business
NEW YORK and LONDON, July 3 /Xinhua-PRNewswire/ -- Pali Capital, Inc., the US broker-dealer subsidiary of Pali Holdings, Inc. today announced the further expansion of its research team in the United States through the hiring of two senior analysts, covering the homebuilding and building products sector and Chinese gaming, internet and media equities, respectively. This expansion to coverage of homebuilding provides Pali with the capacity for insight into a critical indicator for the overall economy in the US.
Expertise in China complements existing resources in Pali's London office. Coverage of these sectors in China is part of the broader effort by Pali to deepen its Asia and Pacific Rim business, which includes our anticipated approval by the Singapore Monetary Authority for Pali operations in Singapore for Q4 2007.
The two new analysts in the US include Stephen East and Tian X. Hou. Stephen East (seast@palicapital.com) joins Pali as a Managing Director, Consumer Durables, covering the Homebuilding and Building Products equities. Mr. East has followed these sectors for fourteen years, most recently at Susquehana Financial Group and previously at Fiduciary Asset Management and A.G. Edwards. His industry experience includes more than six years at Monsanto, a diversified specialty chemicals company.
Tian X. Hou (thou@palicapital.com) has also joined Pali as a Managing Director, China Technology covering equities. Ms. Hou has been following these sectors for three years at C.E. Unterberg, Towbin and previously worked as a strategist at Sanford C. Bernstein. Her industry experience includes owning and operating a business in China, advisory work for the Chinese central government, consulting for US companies entering China and as a Business Strategy Consultant at IBM.
Brad C. Reifler, Chairman and Chief Executive Officer of Pali, commented: "Over the past 12 years we have carefully invested into areas that we believe are value-add to our institutional customer base, whether in terms of structured products, fixed income and, of course, research. These most recent additions to the research team demonstrate continued execution of our business plan. Stephen and Tian bring both industry and Wall Street experience to the table, providing credibility and serious insight for our customers."
Mr. Reifler further stated: "Research is an important aspect to any institutional equities business. Without strength in this area, a firm is limited in terms of its overall contributions to the institutional client. We have invested strategically in this area for years."
About Pali
Pali, a global institutional securities firm and investment bank, has served an institutional money manager customer base from New York and London over the past 12 years. Pali has 5 US-based analysts and 12 based in London performing fundamental research on Europe and Asia equities and an event-driven research team.
Headquartered in New York, with offices in Boston, Minneapolis and London, Pali provides clients with institutional brokerage, securities research, capital markets services and corporate finance advisory services.
For more information, please contact:
Hilary Bergman,
Chief Administrative Officer,
Pali Capital, Inc.
T: (212) 259-2602
E: hbergman@palicapital.com
Derrelle Janey,
Executive Vice President
Pali Capital, Inc.
T: (212) 259-2627
E: djaney@palicapital.com
Patrick Egan,
Chief Operating Officer,
Pali International, Inc.
T: 44 20 7190 0805
E: Patrick. Egan@palii.com
Special Note On Forward-Looking Statements
This release contains "forward-looking" statements. Forward-looking statements include statements about our future and statements that are not historical facts. The forward-looking statements in this release pertain to the future development and expansion of our business. Forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain. The use of these forward-looking statements does not infer that the results will be achieved. It is possible that the actual results may differ materially from the anticipated results indicated in these forward-looking statements.
The information contained herein, including any expression of opinion, has been prepared for informational purposes only and is not an offer to buy or sell any security or instrument.
