Jeffrey Reich

Last updated
Jeffrey P. Reich
Born (1957-10-30) October 30, 1957 (age 65)
NationalityAmerican
Alma mater Duke University
Occupation(s)Senior managing director and board member of
Bear Stearns (1985–1995)

Jeffrey Peter Reich (born October 30, 1957) was a senior managing director and member of the board of directors of Bear Stearns Co. Inc. [1] He retired from Bear Stearns in 1995 and has since been the CEO of Bridge Street Capital Management LLC.

Contents

Early life

Reich graduated from Duke University in 1979 with a B.A. in economics. He received his M.B.A. from the University of Connecticut in 1985.

Bear Stearns

Reich was one of the first mortgage derivative traders at Bear Stearns, focusing on interest only/principal only stripped mortgage backed securities. Reich masterminded the repackaging of a total of $1.6 billion of Federal National Mortgage Association strip deals in one day in March 1992. [2]

Other

After Bear Stearns, Reich started an investment company in Irvington, New York. This company, Bridge Street Capital Management has been instrumental in the redevelopment of Irvington's Hudson River waterfront. Reich and his partners received an award from Scenic Hudson for responsible development. [3]

Reich has served on the board of directors of the National Organization on Disability (NOD) since 1990. [4]

Related Research Articles

<span class="mw-page-title-main">Irvington, New York</span> Village in New York, United States

Irvington, sometimes known as Irvington-on-Hudson, is a suburban village in the town of Greenburgh in Westchester County, New York, United States. It is located on the eastern bank of the Hudson River, 20 miles (32 km) north of midtown Manhattan in New York City, and is served by a station stop on the Metro-North Hudson Line. To the north of Irvington is the village of Tarrytown, to the south the village of Dobbs Ferry, and to the east unincorporated parts of Greenburgh, including East Irvington. Irvington includes within its boundaries the community of Ardsley-on-Hudson, which has its own ZIP code and Metro-North station, but which should not be confused with the nearby village of Ardsley.

<span class="mw-page-title-main">JPMorgan Chase</span> American multinational financial services conglomerate

JPMorgan Chase & Co. is an American multinational financial services company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization. As the largest of the Big Four banks, the firm is considered systemically important by the Financial Stability Board. Its size and scale has led to enhanced regulatory oversight as well as the maintenance of an internal "Fortress Balance Sheet" and liquidity reserves. The firm is headquartered on 383 Madison Avenue in Midtown Manhattan and is set to move into the under-construction JPMorgan Chase Building in 2025.

<span class="mw-page-title-main">Kohlberg Kravis Roberts</span> American investment manager

KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. As of December 31, 2022, the firm had completed more than 690 private equity investments in portfolio companies with approximately $700 billion of total enterprise value. As of December 31, 2022, assets under management (AUM) and fee paying assets under management (FPAUM) were $504 billion and $412 billion, respectively.

<span class="mw-page-title-main">Lehman Brothers</span> American financial services firm

Lehman Brothers Inc. was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.

<span class="mw-page-title-main">Bear Stearns</span> American investment bank

The Bear Stearns Companies, Inc. was a New York City-based global investment bank, securities trading, and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis.

<span class="mw-page-title-main">BlackRock</span> American multinational investment management corporation

BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. Along with Vanguard and State Street, BlackRock is considered to be one of the Big Three index fund managers that dominate America.

Alan David Schwartz is an American businessman and is the executive chairman of Guggenheim Partners, an investment banking firm based in Chicago and New York City. He was previously the last president and chief executive officer of Bear Stearns when the Federal Reserve Bank of New York forced its March 2008 acquisition by JPMorgan Chase & Co.

James Patrick O'Shaughnessy is an American investor and venture capitalist, currently serving as the CEO of O’Shaughnessy Ventures. He is the founder of O'Shaughnessy Asset Management, LLC (OSAM), an asset management firm that Franklin Templeton later acquired.

<span class="mw-page-title-main">Southwest Waterfront</span> Neighborhood in Washington, D.C., United States

The Southwest Waterfront is a neighborhood in Southwest Washington, D.C. The Southwest quadrant is the smallest of Washington's four quadrants, and the Southwest Waterfront is one of only two residential neighborhoods in the quadrant; the other is Bellevue, which, being east of the Anacostia River, is frequently, if mistakenly, regarded as being in Southeast

Richard A. Marin is a former American investment banker at the former New York investment bank Bear Stearns.

<span class="mw-page-title-main">James Cayne</span> American businessman (1934–2021)

James E. "Jimmy" Cayne was an American businessman and CEO of Bear Stearns. In 2006, he became the first Wall Street chief to own a company stake worth more than $1 billion, but he lost most of that in the 2007–2008 collapse of Bear's stock and sold his entire stake in the company for $61 million.

<span class="mw-page-title-main">Robert K. Steel</span> American businessman

Robert King Steel is an American businessman, financier and government official who has served as Deputy Mayor for Economic Development in the administration of New York City Mayor Michael Bloomberg, Under Secretary for Domestic Finance of the United States Treasury, chief executive officer of Wachovia Corporation and vice chairman of Goldman Sachs. He has also served as chairman of the board of trustees at Duke University and the Aspen Institute. In May 2014, he was tapped to succeed Joseph R. Perella as chief executive officer of Perella Weinberg Partners, a private investment banking and asset management firm.

The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst and the subprime mortgage crisis which developed during 2007 and 2008. It includes United States enactment of government laws and regulations, as well as public and private actions which affected the housing industry and related banking and investment activity. It also notes details of important incidents in the United States, such as bankruptcies and takeovers, and information and statistics about relevant trends. For more information on reverberations of this crisis throughout the global financial system see Financial crisis of 2007–2008.

The U.S. central banking system, the Federal Reserve, in partnership with central banks around the world, took several steps to address the subprime mortgage crisis. Federal Reserve Chairman Ben Bernanke stated in early 2008: "Broadly, the Federal Reserve’s response has followed two tracks: efforts to support market liquidity and functioning and the pursuit of our macroeconomic objectives through monetary policy." A 2011 study by the Government Accountability Office found that "on numerous occasions in 2008 and 2009, the Federal Reserve Board invoked emergency authority under the Federal Reserve Act of 1913 to authorize new broad-based programs and financial assistance to individual institutions to stabilize financial markets. Loans outstanding for the emergency programs peaked at more than $1 trillion in late 2008."

The government interventions during the subprime mortgage crisis were a response to the 2007–2009 subprime mortgage crisis and resulted in a variety of government bailouts that were implemented to stabilize the financial system during late 2007 and early 2008.

<span class="mw-page-title-main">Timothy Geithner</span> American central banker and politician

Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.

Robert D. Beyer is an American investor and executive. He is currently Chairman of Chaparal Investments LLC, a private investment firm and diversified holding company with interests in both financial and operating assets. Previously, he was Executive Chairman of Crescent Acquisition Corp, a publicly traded blank check company that merged with LiveVox Holdings, Inc. in 2021. He was Chief Executive Officer and a director of TCW Group from 2005 until 2009, a diversified investment management firm with assets in excess of $150 billion; he previously served as President and Chief Investment Officer from 2000 until 2005.

<span class="mw-page-title-main">David Nason</span>

David George Nason is an American lawyer, government official and corporate executive from Washington, DC. He served as the president and CEO of GE Energy Financial Services, a unit of General Electric (GE) from 2013 to 2018. Previously at GE, he was the Chief Regulatory Officer and Compliance Leader at GE Capital. Nason is one of 190 GE officers globally. From 2005–2009 he served as Assistant Secretary for Financial Institutions under Treasury Secretary Henry M. Paulson, during which time he was a key architect of the federal government's response to the financial crisis of 2008.

Bridge Street Properties is the name given to the redevelopment of a factory site on the Hudson River in Irvington, New York, United States. Originally built between 1904 and 1912, the 205,000 square feet (19,000 m2) site now houses various commercial and retail companies in 600 square feet (56 m2) to 40,000 square feet (3,700 m2) office suites and lofts.

<span class="mw-page-title-main">Donald Tang</span> American businessman

Donald Tang is an American businessman. He is the founder of Tang Media Partners and Global Road Entertainment. Tang is the former vice chairman of Bear Stearns and former chairman of Bear Stearns Asia. In November 2022, Tang joined Chinese fast-fashion brand Shein as executive vice chairman.

References

  1. See page 15. Bear Stearns 1994 SEC Filing
  2. "Wall Street Journal August 25, 1995. Page B12: (Who's News)". Archived from the original on November 3, 2012. Retrieved September 9, 2017.
  3. "Honored in irvington... Develops Seek Waterfront Rezoning". Archived from the original on 2012-02-23. Retrieved 2010-05-13.
  4. "NOD.org". Archived from the original on 2011-07-27. Retrieved 2010-05-13.