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an Carasso Finds
God On Wall Street
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hen Dan Carasso
meets someone new,
he always asks their
Hebrew name. "It's a
form of analysis," says the 35-
year-old securities analyst. It
tells you where they really come
from.
The name Carasso, for ex-
ample, is derived from carassim,
the acacia boards used in the
portable tabernacle carried by
the Israelites in the desert.
In fact, says Mr. Carasso,
black crocheted kippah perched
firmly on his head, his decision
to become an observant Jew and
make aliyah is similar to his
work as a securities analyst. "I
concluded from analyzing the
Torah that it was a divine doc-
ument with enough solid proofs
that I couldn't escape its con-
clusion."
Analysis is second nature to
Dan Carasso. Recently named
Israel's top securities analyst by
Institutional Investor in its an-
nual awards for outstanding
stockbrokerage analysts, the
bearded New York native is the
sole representative for the
Union Bank of Switzerland
(UBS) in Israel.
Mr. Carasso made aliyah in
January 1993 with his wife
Judie, then pregnant with their
first child. He spent his first six
months learning at a Jerusalem
yeshiva and then began work-
ing with the Israeli office of
Furman Selz Inc., the Chicago-
based investment firm.
By the summer of 1995, UBS
had recruited Mr. Carasso and
he set up shop near his home
outside Jerusalem.
Mr. Carasso claims that
UBS's emerging-markets group
is a step ahead of other Euro-
pean investment firms since it
offers a comprehensive plan that
includes sales, research and
trading under one umbrella.
Within the UBS emerging-mar-
kets group, which focuses on 10
countries including Israel,
Turkey and Portugal, Israel is
a significant percentage of its
sales, says Mr. Carasso.
Mr. Carasso names invest-
ment firms Barings PLC,
Lehman Brothers, Merrill
Lynch, Smith Barney, Oppen-
(