equity analyst for the banking and financial services industries at Stein Roe & Farnham. Mr. Berman, 52, was senior banking analyst at Natwest Securities Corp. He previously held research positions with Nomura Securities, L.F. Rothschild, and C.J. Lawrence, among other firms. Stein Roe, founded in 1932, provides investment management services for individuals and institutions and is investment adviser to a family of 18 no-load mutual funds.

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