Salomon names pair of CEOs at Europe unit

Article Abstract:

Salomon Smith Barney Inc. has appointed Jim Boshart and Ron Freeman as co-CEOs of its European division, Salomon Smith Barney Europe. Both Boshart, who was co-head of the company's investment-banking unit in New York, and Freeman, who was co-chairman of global investment banking in London, UK, are replacing Peter Middleton, who retired in early July 1998. Industry experts view the appointment as beneficial to Salomon Smith as Boshart and Freeman have more investment-banking experience than Middleton.

Comment:

Appoints Jim Boshart & Ron Freeman as co-CEOs of its European division

Citigroup Global Markets Inc.

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Peter Middleton will step down from Salomon

Article Abstract:

Salomon Barney Holdings Inc.'s chief executive officer, Peter Middleton, is set to depart from his position in the company. Middleton, an investment banker and an ex-monk, will remain at Salomon Barney Holdings until the end of July 1998. Middleton cited that there was no pressure related to his impending departure from Salomon Barney Holdings and that he is studying his various options regarding the next job he will assume.

Comment:

Has its chief executive officer, Peter Middleton, set to depart from his position in the company after the end of 7/98

Securities Dealers, Salomon Barney Holdings Inc.

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Schroders wants to increase holdings of foreign clients

Article Abstract:

British invesment banking and mutual funds manager Schroders PLC, announce plans to increase its holdings with funds from foreign investors, to balance the loss of funds from local investors. Schroders' stock price dropped to 11.80 pound sterling following the announcement.

Strategy & planning, Financial management, Securities prices, Security brokers and dealers, Planning, Schroders PLC

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