Welcome to
FY2009-2010
NEXT EVENT - Mar 30, 2010
@ UT Club - RSVP via Socializr Invitation by March 26 (at 5pm).
Deane Dray, CFA
Research Analyst, Industrial & Equipment Sector
FRB Capital Markets
Topic: Water: Pure, Defensive Growth
Deane Dray has more than 25 years of investment experience, including 12 years covering the industrial sector. Mr. Dray joined FBR Capital Markets & Co. (FBRC) in January 2009 as a senior analyst in the diversified industrials group, with a focus on the multi-industry & electrical equipment and water subsectors. Prior to joining FBRC, Mr. Dray spent 11 years as a senior analyst with Goldman Sachs Equity Research covering this industrial sector. Prior to that, he worked at Lehman Brothers for 10 years in several different capacities, including an institutional salesperson, a staff officer to the president and CEO of Lehman Brothers, and then as an equity research analyst. In 2009, Mr. Dray was recognized as Best on the Street by The Wall Street Journal, ranking as the No. 1 stock picker in the general industries sector. In 2006 and 2008, Mr. Dray was ranked by StarMine as the No. 1 earnings estimator for industrial conglomerates. He also earned a top three ranking in stock picking by StarMine in 2007. Additionally, for the past three years, Mr. Dray has served as an advisor to the United Nations Environment Programme Finance Initiative (UNEP FI), which assists developing countries with gaining better access to drinking water and waste water treatment resources. He has published extensively on the global water sector and has presented at numerous conferences sponsored by the United Nations, World Bank, and World Water Week. Mr. Dray received his B.A. from Brown University with honors and completed his M.B.A. at the New York University Leonard N. Stern School of Business. He is also a CFA charterholder and a member of the New York Society of Securities Analysts.