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December 3, 2009

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Bear Stearns analyst resigns

Tuesday, Feb. 11, 2003 | 9:50 a.m.

NEW YORK -- Jason Ader, Bear Stearns Cos. casino and hotels analyst, left the No. 6 U.S. securities firm last week to explore other options, he said.

Ader, ranked No. 1 by Institutional Investor magazine from 1999 to 2001 and No. 2 in 2002, will hand coverage of companies such as MGM MIRAGE and Hilton Hotels Corp. to Mark Abramson. Abramson has covered lodging in Europe and Asia and been with Bear Stearns for nine years, said Russell Sherman, a spokesman.

Ader, who turned 35 on Thursday, celebrated by asking his girlfriend to marry him. He proposed in his Manhattan apartment before going to Lespinasse, the French restaurant at the St. Regis Hotel. She said yes and he quit the next day.

"I'm going to Hawaii with my new fiancee for at least a couple of weeks," Ader said. "After that, I'm going to take some time off and explore my options. I've been doing this for almost 10 years, it was time for something new."

Ader, who was the youngest person to be named senior managing director at the No. 6 U.S. securities firm, said his team of 11 would remain in place.

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