Primedia’s
Registered Rep. Names The 10 People Who Will Shape The Brokerage Industry
Group
Includes Elliot Spitzer, Charles Schwab and Harvey Pitt
New York -
August 7, 2002 – This is clearly one of the most difficult periods Wall Street
has ever had to endure. Who will lead Wall Street out of the current morass and
into the future?
Registered Rep., as a magazine serving the
brokerage community, will feature for the first time a profile of “The Ten Who
Matter to the Brokerage Industry,” the executives, media and government
officials with a strong influence over the industry. The group includes leaders
from Wall Street as well as the government officials who are prosecuting
corporate wrongdoers and creating new policies meant to prevent future abuses.
The following are included on Registered Rep.’s list
of America’s most influential players:
· Charles Schwab – The Visionary – Co-CEO and Chairman of The Charles Schwab Corp - Although many brokers regard him as enemy No.1, Schwab has an uncanny knack for capitalizing on brokerage trends and is a major player on the street.
· Peter Cieszko, Jr. – The Innovator – Managing Director of Citigroup Asset Management – As the driving force behind multiple-discipline accounts, considered to be the hottest financial innovation for retail investors, Cieszko is among the top movers to watch in the brokerage business.
· William Nutt – The Manager – Chairman and CEO of Affiliated Managers Group – Nutt has built an investment manager’s empire: A financial product factory offering a diverse lineup of managers representing different investing styles, from mutual funds to separate accounts to hedge funds.
·
E. Stanley O’Neil – The Heir – President and
COO of Merrill Lynch - At a time of unprecedented investor cynicism and ongoing
broker frustration, O’Neal stands poised to take over Merrill Lynch, the
largest retail brokerage firm on Wall Street.
·
Don Phillips – The Starmaker – Managing
Director Morningstar – Perhaps no other institution holds such sway over the
mutual fund industry as Morningstar. By playing a critical role in
Morningstar’s expansion in the last decade, Phillips has a major influence on
Wall Street.
·
Bruno Cohen – The Producer – Executive Vice
President for CNBC Business News – CNBC is one of the most influential news
outlets for professional and amateur investors alike. Cohen, as head of business
news, helps define the issues and has a tremendous impact on what corporate
executives, money managers and financial advisors see every day.
·
Abigail Johnson – The Scion – President of
Fidelity Management & Research - In charge of 280 mutual funds and with
total assets under management of about $860 billion, Johnson is the most
powerful woman in financial services.
·
Eliot Spitzer – The Enforcer – New York State
Attorney General – Spitzer forced the Street to face up to an industry-wide
conflict of interest problem and has led the efforts to expose and punish
white-collar crime on Wall Street.
·
Harvey Pitt – The Judge – SEC Chairman -
Whatever reforms are enacted by Congress to prevent further corruption, the SEC
will be responsible for carrying them out.
According to many, Pitt may be the person who most significantly impacts
the face of American business in the coming decades.
·
Sanford Weill – The Legend – Chairman and CEO of
Citigroup – Weill started life as a broker and is now chairman and CEO of the
largest financial services company in the world.
“Each of these individuals has had a significant impact
on the financial services industry in general, and the brokerage industry in
particular, over the past few years. We believe that these ten will continue to
lead Wall Street through these challenging times,” said David Geracioti,
editor of PRIMEDIA’s Registered Rep. magazine. “As we look ahead to the future, we believe it is
critical to recognize the achievements and influence that they have on the
current and long-term state of the investment community.”
The August issue of PRIMEDIA’s Registered Rep. magazine is currently available and additional information about the “The Ten Who Matter to the Brokerage Industry” can be found at www.registeredrep.com.
About
PRIMEDIA’s Registered Rep. magazine
Registered Rep. is the preferred magazine of retail investment professionals. Each monthly issue reaches approximately 92,000 loyal subscribers who control trillions of dollars of assets for more than 30 million investors. These powerful financial advisers are licensed to sell a broad range of investment products and rely on Registered Rep.'s rich portfolio of timely features, articles, departments and columns. Registered Rep. is part of PRIMEDIA's Financial Services group that also includes Trusts & Estates, National Real Estate Investor and Shopping Center World. These are among the 90 PRIMEDIA Business Magazines and part of PRIMEDIA (NYSE: PRM), the world's largest targeted media company. More information about the Registered Rep. can be found at www.registeredrep.com.
About
PRIMEDIA
PRIMEDIA
is the new tradition in media. With 2001 sales from continuing businesses of
$1.6 billion from a unique combination of traditional and new media properties,
it is the leading targeted content and integrated marketing solutions company in
both the consumer and business-to-business sectors. The Company is the #1
special interest magazine publisher in the U.S., with more than 250 titles such
as Seventeen, Automobile, Motor Trend, New York, Fly Fisherman, American Baby,
Telephony and American Demographics; the #1 producer and distributor of
specialty video with 18 satellite and digital video product lines, including
Channel One Network; and the #1 news and information group on the Internet, led
by About.com. PRIMEDIA's stock symbol is: NYSE: PRM. More information about the
Company can be found at http://www.primedia.com.
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Media
Contacts:
Hawley Strait, 212-446-1877
Noelle Wojciehowski, 212-462-3658
nwojciehowski@primediabusiness.com
