Don Donnally and David Greenman Join Bear Stearns Private Client Servi

    Business Editors

    NEW YORK--(BUSINESS WIRE)--May 10, 2005--Bear, Stearns & Co. Inc. announced today that Don Donnally, Jr. and David Greenman have joined the firm's Private Client Services division. Mr. Donnally and Mr. Greenman, who combined have approximately $750 million in assets in client accounts, each provide equity, fixed income, and alternative investment services to high net worth individuals. They join the firm as managing directors and will be based in Dallas.
    Commenting on the hire, Steve Dantus, senior managing director and head of Bear Stearns' Private Client Services, said, "Don and David are great additions to our team. They each possess the insight and experience essential to serving high net worth clients. It is easy to see why they are among the most successful in the industry. Don and David's decision to join us is truly a testament to how appealing Bear Stearns is to the top brokers in the business."
    Mr. Donnally added, "I am really looking forward to joining Bear Stearns. They have an excellent platform and a broad array of product offerings that meet the needs of my high net worth clients remarkably well."
    Both Don Donnally, Jr. and David Greenman join Bear Stearns from Smith Barney. Mr. Donnally has been there since 1968; Mr. Greenman since 1992.
    Founded in 1923, The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm serving governments, corporations, institutions and individuals worldwide. With approximately $48.5 billion in total capital, the company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker-dealer clearing services, including clearing and securities lending. Headquartered in New York City, the company has approximately 11,000 employees worldwide. For additional information about Bear Stearns, please visit our website at http://www.bearstearns.com.

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CONTACT: The Bear Stearns Companies Inc. Jane Slater, 212-272-3933 JSlater1@Bear.com

KEYWORD: TEXAS NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: The Bear Stearns Companies Inc.

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