Financial Services >> Analyst Interviews >> January 3, 2005


RICHARD ANDERSON is Vice President and Senior REIT Equity Analyst with Maxcor Financial Group. Mr. Anderson joined the company in 2003 following similar positions with Citigroup and PaineWebber, Inc., where he was a senior member of the top ranked REIT research team, as ranked by the Institutional Investor annual survey. From 1991 to 1996, Mr. Anderson was employed by Galaxy Scientific Corporation and served as Project Manager for several security-related programs on behalf of the Department of Defense and the Department of Transportation. Mr. Anderson holds a BS degree in Aerospace Engineering from the University of Maryland and an MBA from Monmouth University. Profile
Adornato, Paul E.
Paul E. Adornato, CFA, is a Senior Analyst in BMO Capital Markets' Equity Research group, covering the real estate investment trust sector. Before joining BMO Capital Markets, he co-headed the REIT research effort at independent equity firm Maxcor Financial. Before Maxcor Financial, Mr. Adornato worked at Cobblestone Research, LLC, an independent research firm that he founded. From 1998 to 2000, he co-managed a $700 million REIT portfolio at Aeltus Investment Management, which consistently performed in the top quartile of all real estate funds. From 1992 to 1998, Mr. Adornato was a Research Analyst at Merrill Lynch and later at PaineWebber, where he was a member of Institutional Investor's top-ranked REIT research team. Mr. Adornato joined BMO Capital Markets in 2005. He ranked second out of 65 analysts in the real estate category of The Wall Street Journal’s “Best on the Street” analyst survey for 2010. He holds an M.S. in real estate from the Massachusetts Institute of Technology and a B.A. from Dartmouth College. Profile
TWST: Would you begin with an overview of Maxcor Financial?

Mr. Anderson: Maxcor Financial is a financial services holding company,

with its largest subsidiary being EuroBrokers ' an