Ex-Bear Stearns Head Joins Merrill In New York

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Ex-Bear Stearns Head Joins Merrill In New York

Philippe Hatstadt, former senior managing director and head of credit derivatives trading at Bear Stearns in New York, has resurfaced at Merrill Lynch, more than a year after leaving, as managing director and head of structured credit derivatives trading. Hatstadt, who declined comment, left Bear Stearns in February last year after the firm reorganized its credit derivatives division, according to one credit derivatives professional.

At Merrill, he reports to Scott Brown, managing director. Brown was traveling and could not be reached and Jessica Oppenheim, spokeswoman in New York, did not return calls.

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