UMB Financial's Bill Greiner Releases Perspective on Bernanke; Federal Reserve Chairman Alan Greenspan Retires Tuesday
January 30 2006 - 9:04AM
Business Wire
On Tuesday, Jan. 31, current Federal Reserve Chairman Alan
Greenspan will pass the torch to his successor, Ben S. Bernanke.
UMB Financial Corporation (NASDAQ: UMBF) Chief Investment Officer
Bill Greiner releases the following statement about incoming
Federal Reserve Chairman Ben S. Bernanke. "The appointment of
Governor Ben S. Bernanke as Chairman of the FOMC should not
represent a major turning point for the overall strategies of the
committee. He has traditionally been supportive of Mr. Greenspan's
general philosophy and has not indicated a bias toward any dramatic
change in style for the group. Bernanke has spoken out in favor of
introducing 'inflation targets' for the committee, which would
represent a new tactical approach, but this would only represent a
more transparent execution of existing practices." Bill Greiner
Chief Investment Officer UMB Financial Corporation Bill Greiner is
chief investment officer of UMB Financial Corporation's Asset
Management Division in Kansas City, Mo. He has spent his entire
career in the investment field, with more than 25 years' investment
management experience. Greiner most recently was named Business
Week's "Fearless Forecaster: 2005 Stock Market Strategist of the
Year" in December 2005. He received this distinction by being the
investment strategist who most accurately forecasted where the U.S.
markets would end up at the close of 2005. UMB Financial
Corporation is a multi-bank holding company headquartered in Kansas
City, Mo., offering complete banking and related financial services
to both individual and business customers. Its banking subsidiaries
own and operate 140 banking centers throughout Missouri, Illinois,
Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of
the holding company and the lead bank, UMB Bank, n.a., include an
investment services group based in Milwaukee, Wisconsin, a trust
management company in South Dakota, and single-purpose companies
that deal with brokerage services, consulting services and
insurance. UMB was named one of Business Week's "Web Smart 50"
companies in 2005.
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