Wayne D. Angell

Chief Economist & Senior Managing Director, Bear Stearns & Co., Inc.

WHEN: Thursday, October 11, 2001

TOPIC: Dr. Angell will give an economic outlook.

Wayne D. Angell, Ph.D. is Chief Economist and Senior Managing Director of Bear Stearns & Co., Inc. Dr. Angell joined Bear Stearns in April of 1994, where he analyzes U.S. and global economic trends and speaks frequently with institutional investors.

From February 7, 1986 to February 9, 1994, Dr. Angell served as a member of the Board of Governors of the Federal Reserve System. He served as Chair of the Board's Committee on Federal Reserve Bank Activities and as Chair of the G-10 Committee on Payment and Settlement Systems in Basle, Switzerland.

In 1956, he began an extended career at Ottawa University as a Professor of Economics, Department Chair, Division Chair and was Dean of the College from 1969-1972. After a three month sabbatical trip to India, Nepal, Burma, Thailand, Philippines, Hong Kong, and Japan, he returned to classroom teaching from 1975 to 1985. He continued to broaden his economic interests by completing two terms as a Director of the Federal Reserve Bank of Kansas City, and by two more around the world study visits to South East Asia, with focus on India, China, and Malaysia. He also added new direct business experience as a bank officer and director, as well as consulting with banks and thrifts in Missouri, Kansas and Colorado. During this period, Dr. Angell concentrated his attention on the increasingly complex task of managing interest rate and prepayment risk. He had significant responsibility for the development of a dynamic hedging strategy and evaluating alternative strategies such as interest rate and prepayment forecasting.

Dr. Angell was elected to Kansas State House of Representatives in 1960.

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