Brokerage Forms Division for Portfolio Management

Article excerpt

By Nancy Raiden Titus

Journal Record Staff Reporter

Rauscher Pierce Refsnes has plunged into the financial institution market in Oklahoma with a new division geared to providing asset-liability and portfolio management.

Stephen M. Wyett was named senior vice president and institutional manager of the new group based in Oklahoma City.

He and two others joined Rauscher, a regional brokerage firm, in January from Boatmen's First National Bank of Oklahoma. Wyett was vice president and senior securities sales representative and had worked for the bank for nine years.

Also joining Rauscher were David W. Dollarhide, senior vice president and investment officer and Nesom Burt, municipal trader and underwriter.

Dollarhide was vice president of the investment division and securities sales representative at Boatmen's. He has 13 years of banking experience.

Burt was the head municipal bond trader at Boatmen's and its predecessors for six years. He has 33 years of securities experience and specializes in institutional sales to banks, insurance companies and municipal bond funds. He established the institutional department of a Chicago firm and formed a municipal bond department for a Dallas company.

"Rauscher has had extensive dealings with Texas banks," Wyett said, "but this is its first widespread push for Oklahoma. …