This document contains biographies of several individuals working in finance and securities. It provides details on their positions, education backgrounds, previous work experience, activities and memberships. For each person there is information on their name, current role, company, location and other relevant details. The biographies are presented in a consistent format of name, role, company, location and background information.

1. JAMES BALOG MILTON H. BARBAROSH ROBERT F. BARDWELL R. MARSHALL BARNES
Drexel Burnham Lambert JW Charles-Bush Securities, Inc. Boettcher and Company Howe, Barnes & Johnson, Inc.
Incorporated, New York Boca Raton Denver Chicago
ing and Finance. Previous connection:
executive vice president and a direc-
tor of Innovest Group, Inc. Director,
Dillon, Read Real Estate Inc. Presi-
dent and member Board of Directors,
Ballard Marine, Inc. Advisory direc-
tor, National Entrepreneurship Foun-
dation. Member Advisory Board, The
Energy Bureau. SIA activies: vice
chairman and former chairman, Mu-
nicipal Division; former member SIA
Board of Directors and Executive
Committee. Club memberships: The
Links, New York; member and spe-
cial Conunitteeman, Union League of
Philadelphia; Merion Golf Club, Ard-
more, Pa.; The Pennsylvania Society;
Pennsylvania Academy of Fine Arts;
Lighthouse Point Yacht & Racquet
Club, Lighthouse Point, Fla.; Wall
Street Club, New York; former co-
chairman; Kappa Sigma National
Convention; former member, Advi-
sory Council, National Municipal
League.
BALOG, James, vice chairman,
Drexel Burnham Lambert, Incorpo-
rated, New York. Born Sept. 7. 1928,
Education: B.S. Penn State; M.B.A.
Rutgers Univ. Director: The Drexel
Burnham' Lambert Group, Drexel
Burnham Lambert .Incorporated,
Drexel Management Corporation,
Drexel Burnham Lambert Manage-
ment Corporation; Drexel Trust
Company of the Midwest, The Drex-el
Burnham Fund, Drexel Bond-De-
benture Trading Fund, Harbor Trust
Company, The Lambert Brussels
Corporation, A. L. Laboratories Inc.,
Elan Corporation, plc, Coast. U.S.
Properties (Kuwait), The Legal Aid
Society. Member: Execuitve Commit-
tee, Drexel Burnham Lambert Incor-
porated; Board of Advisors, Oxford
Partners (Venture Capital); Coporate
Resources Board, Harvard Medical
School (1982-84); Advisory Council
on Social Security (1982-83). Recre-
ation: tennis, running.
BARBA, Lee K., managing direc-
tor, manager of Municipal Securities
Group, PaineWebber Incorporated,
New York. Born Oct. 5, 1950, New
Jersey. Received his BA at Universi-
ty of North Carolina and his MBA
from Columbia.
BARBAROSH, Milton H., chief
executive officer, JW Charles-Bush
Securities, Inc., Boca Raton, Florida;
president, JW Charles Group, Inc. Born:
April 22, 1955, Montreal Que-bec,
Canada. Education: BA., McGill
University, M.B.A., York University.
member of the American Society of
Appraisers, the Fellow Canadian In-
stitute of Chartered Bankers and the
Canadian Association of Chartered
Business Valuators.
BARDWELL, Robert F., senior
vice president, Boettcher & Co., Inc.,
Denver. Born in Minneapolis, April
29, 1933. Education: Lawrenceville
School; B.A., Univ. of Minnesota.
Previous connections: U.S. Navy
(shipboard and instructor at the Na-
val Academy). IBA activities: Chmn.
Rocky Mountain Group 1970; nat'l
governor 1971. Member SIA
Congres-sional Relations Comm.
1972. Vice chmn. Mid-Continental
District 1978-79. Board member
Denver Symphony 1974-78. Member
Mt. Vernon Coun-try Club.
Recreation: golf, tennis, music.
BARNES, R. Marshall, chairman
executive comm., Howe, Barnes &
Johnson, Inc., Chicago. Born in Jer-
sey City, N.J., May 3, 1923. Educa-
tion: B.Sc (Economics) and M.B.A.
(Banking) Univ. of Penna. Wharton
School, 1944. Previous connections:
White, Weld & Co., reg. rep., 1950-
55; Eastman Dillon, Union Securities
& Co., mgr. corp. buying dept., 1955-
63; Chapman, Howe & Co., partner,
1963-65; Howe, Barnes & Co., part-
ner, 1965-67; Howe, Barnes & John-
son, Inc., chmn., 1967 to date. Mem-
ber NYSE. Gov. Midwest Stock Ex-
change 1969-70. Member NASD Dist.
Comm. 8, 1967-68; NASD Dist.
chmn. 1969-70. IBA activities: chmn.
In-vestors Forum Series 1965-67; dir.
Central States Group 1966-68; natl.
Education Comm. member 1967;
secy.-treas. Central States Group 1969
and vice chmn. 1970; chmn. Mid-
Continental District 1971: Na-tional
gov. of SIA 1971-73. National gov. of
NASD 1971-73. Pres. The Bond Club
of Chicago 1973. Trustee: Methodist
Old Peoples Home, Chica-go; First
Methodist Church, Glencoe. Dir.
Chicago Assn. for Retarded Children
1974-75. Exec. vice pres. Chicago
Assn, for Retarded Children 1978-79.
Pres. Chicago Assn. for Re-tarded
Citizens, 1980-82. Clubs: Un-ion
League of Chicago (director 1984 to
date), The Bond Club of Chicago,
Economic Club of Chicago, Presi-
dent's Club (Univ. of Chicago), But-
tonwood Club of NYSE (1985 to
date).
BARTON, James T., president,
Prudential Capital and Investment
Services, Inc., and Prudential-Bache
Services Inc., New York. He is a
member of the Office of the Chair-
man. Joined firm in 1966 as an ac-
count executive in San Francisco;
manager of Honolulu branch 1971-74;
vice pres. and manager of commodi-
ties 1974-76, when named v.p. and
head of International Division; elect-ed
director in 1979; exec. v.p. 1980.
Previously with British Government.
B.S. Univ. of California; grad. of Ro-
seheath College, England. A director
of the Securities Industry Associa-tion,
Clive Discount Holdings PLC, and
serves on the Advisory Commit-tee to
the New York Stock Exchange on
International Capital Markets. A
member of the English Speaking Un-
ion, the Down Town Association, and
represents the firm on the Council on
Foreign Relations, New York City.
BAUMGARTNER, Alfred R.,
president, UBS Securities Inc., New
York. Born Sept. 29, 1946, Switzer-
land. Education: holder of Swiss Fed-
eral Banking diploma. Previously sen-
ior vice president, UBS Chicago branch.
Recreation: skiing, hiking, tennis,
classical music.
BAYLEY, L H., chairman of the
board, David A. Noyes & Company,
Indianapolis, Ind. Born Jan. 24, 1936,
Norris City, Ill. Education: Univ. of
Illinois, Northwestern Univ. With
David A. Noyes & Company 27
years. Past president: Indiana Episco-
pal Board of Trustees and Indianapo-
lis Grain Dealers. Past pres. and di-
rector: Indianapolis Bond Club.
Member: Board of Governors of
NASD 1985. Currently member Na-
tional Arbitration Board of NASD.
Member of Government Relations
Committee of SIA Central States
District. Clubs: Hillcrest Country
Club, North Harbour Country Club,
Skyline Club. Recreation: golf, hunt-
ing, cross-country running, snow and
water skiing.
BAYLIS, Robert M., managing
director, The First Boston Corpora-
tion, New York. Born New York City,
Aug. 20, 1938. A.B. Princeton 1960;
M.B.A. Harvard 1962. Char-tered
Financial Analyst. Director: Triangle
Club of Princeton Univ. Member:
New York Society of Secu-rity
Analysts; National Assn. of Busi-ness
Economists; Investment Assn. of New
York. Clubs: Wall Street Club, The
University Club (New York), Wee
Burn Country Club, The Hart-ford
Club.
BEALE, Christopher W., manag-
ing director and head of Private Fi-
nance departments, comprising Bank
Finance, credit enhancement, leasing,
JAMES T. BARTON ALFRED R. BAUMGARTNER L.H. BAYLEY ROBERT M. BAYLIS CHRISTOPHER W. BEALE
PrudentiakBache Securities Inc. UBS Securities Inc. David A. Noyes & Company The First Boston Corporation The First Boston Corporation
New York New York Indianapolis New York New York
6 December 5, 1987 THE ECONOMIST