Bear Stearns has hired Morad Maloujhi, former head of European fixed income derivatives sales at NatWest in London, in the new position of senior managing director and head of fixed income derivatives marketing for Europe. Gerome Camblain, senior managing director, head of sales for fixed income and derivatives for Europe at Bear Stearns in London, said Maloujhi will be responsible for leveraging generalist marketers and building a group to target European financial institutions. Since leaving NatWest in 1999 Maloujhi has been working at an Internet venture. Maloujhi, who will report to Camblain, joins the firm on July 2.