Jason Tenenbaum, a v.p. and senior asset backed securities trader at Bear Stearns Asset Management in New York, has moved to a similar position on Merrill Lynch's proprietary desk in New York.
Tenenbaum could not be reached and Terez Hanhan, spokeswoman at Merrill declined comment. It could not be determined by press time whether Tenenbaum has been replaced at BSAM.