CHICAGO, March 4 /PRNewswire/ -- EVEREN Securities, Inc. today announced
the formation of a new investment banking and research team covering the
telecommunications industry. The group, which focuses on wireless services
and hardware, wireline telecommunications providers, networking and
infrastructure, is co-headed by Stuart H. Mason, senior managing director,
corporate finance, and Mark A. Roberts, managing director, equity research.
"The explosive growth and reconfiguration of the telecommunications
industry requires a fully dedicated team to fulfill the need for capital to
finance that expansion," said Edward E. Dunleavy, executive vice president and
co-director of EVEREN's equity capital markets group. "At the same time, this
broadened capability allows us to respond to our clients' increasing demand
for investment opportunities in the sector."
EVEREN's telecommunications group consists of investment bankers and
equity research analysts who provide a full range of financial services,
including public underwritings, private placements of equity and debt, and
financing for mergers and acquisitions. The group also provides strategic
counsel and advisory services to public and privately held corporate clients.
Mason, who was managing director and head of the emerging growth and
technology capital markets team at Principal Financial Securities, Inc. since
1996, joined EVEREN in January when EVEREN Capital Corporation (NYSE: EVR)
acquired Principal Financial Securities. Previously, Mason spent 10 years at
Dain Bosworth, most recently as a managing director. He holds a bachelor's
degree from St. Olaf College in Northfield, Minn. and a master's degree in
business administration from the University of Minnesota.
Roberts joined EVEREN in February from Montgomery Securities, where he was
a research analyst. Prior to that, he was an analyst with Alex Brown & Sons.
Previously, Roberts was a chief financial officer for public and privately
held companies in the transportation industry. A chartered financial analyst,
certified public accountant and certified management accountant, Roberts holds
a bachelor's degree from Indiana University.
EVEREN's capital markets division serves the capital needs of corporations
and governments as well as the interests of investors through a range of
activities, including investment banking, trading, institutional sales and
research of equity, taxable fixed income and municipal securities. The firm
focuses on middle market and emerging growth companies in eight key
industries: consumer/retail, energy, financial services, health care,
industrial/capital goods, real estate, technology and telecommunications.
EVEREN Securities, Inc., ranks among the 1O largest national full-service
brokerage firms in the U.S. EVEREN serves individual, corporate, municipal
and institutional clients through an integrated network of more than 1,300
investment consultants in 135 offices. The firm combines the capital markets
resources of a large national organization with the personalized service and
dedication of a smaller firm. Currently, EVEREN holds approximately $49
billion of client assets in 500,000 active client accounts. EVEREN Securities
is a subsidiary of EVEREN Capital Corporation (NYSE: EVR).
On Jan. 9, 1998, EVEREN Capital Corporation acquired Principal Financial
Securities, Inc., an investment banking and securities brokerage firm with
approximately 50 branch offices in the Southwest, Midwest and West. Principal
Financial has approximately 400 investment consultants and $8 billion of
client assets under control. Principal Financial Securities and EVEREN
Securities will operate as separate broker-dealers until Principal Financial's
back office and other operating activities are combined with those of EVEREN.
EVEREN Securities, Inc. and Principal Financial Securities, Inc. are
members of the Securities Investor Protection Corporation, the New York Stock
Exchange and other principal exchanges. For more information about EVEREN,
visit the firm's Web site at http://www.everensec.com.
SOURCE EVEREN Securities, Inc.
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Related links:
http://www.everensec.com
CONTACT:
Kathleen M. Anderson, 312-574-5914 or Edgar
P. McDougal, 312-574-5791, both of EVEREN Securities, Inc.
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
121760
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