Financial Services >> Analyst Interviews >> May 16, 2005

INVESTING IN BANKS & FINANCIAL SERVICES: RAYMOND STEWART – RASARA STRATEGIES INC

RAYMOND C. STEWART, the Founder and Chief Investment Officer of RASARA Strategies, Inc., has been in the investment business for over 25 years. He began his career at Salomon Brothers, Inc., the investment banking and securities brokerage firm. Starting as a part-time employee at the firm in 1979 while attending graduate school, Mr. Stewart was responsible for developing banking industry statistical databases. Upon obtaining his MBA degree from the Columbia Graduate School of Business in 1980, he accepted a full-time position at Salomon Brothers as a Securities Research Analyst, specializing in banking industry companies. Instrumental in refining and adding coverage to the research department's banking industry product line, Mr. Stewart was a pioneer in applying new valuation techniques to bank stocks. In 1983, he joined Warren Marcus, a former Partner at Salomon Brothers, and helped form the investment management firm WRM Equity Management, Inc. Mr. Stewart continues to act as a co-Manager at this investment management firm that follows a higher risk/higher return bank stock investment strategy than RASARA. Mr. Stewart founded RASARA Strategies, Inc., in 1992. His views on bank stock investing have appeared in Barron's, BusinessWeek, Black Enterprise magazine and Gendai Monthly, a Japanese business publication. Mr. Stewart also holds a BS degree from Cornell University, where he majored in Economics and Public Policy. Profile
TWST: Would you start out with an overview of RASARA Strategies?

Mr. Stewart: RASARA Strategies is a private asset management firm and

Registered Investment Advisor that invests on behalf of