Bear Stearns has hired Shiv Wallia, an official at JPMorgan in New York, in a new role as European head of credit derivatives marketing based in London. Wallia is a senior managing director and reports to David Carlson, head of global credit derivatives structuring and marketing in New York. Carlson referred calls to spokeswoman Renu Aldrich, who confirmed the hire, declining to elaborate further on why the position was added in London. Wallia could not be reached for comment.
Mike Dorfsman, spokesman at JPMorgan in New York, declined comment on any replacement for Wallia and on his most recent position with the firm.
