Bear Stearns is adding two floors in Hong Kong. The firm has been growing aggressively in the region and the extra space--which includes expansions of both equity and fixed income derivatives--is an extension of this process. Raymond Wong, head of fixed-income trading for Asia in Tokyo, said that increasing its geographical reach is a key part of the firm's strategy and that he expected further hires in Asia going forward. Tokyo took on additional space last month.
Ward Tomlinson, head of Asian fixed-income sales in Hong Kong, declined to elaborate at this stage on the specifics of the Hong Kong expansion, referring questions to spokeswoman Ai Ogawara who declined to comment.
