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IXIS Taps Bear Stearns For German Equity Chief

IXIS Corporate & Investment Bank has hired Claus Hecher, a managing director in equity derivative sales at Bear Stearns in London. Based in Frankfurt, Hecher will be responsible for sales of equity derivatives and fund of fund products into Germany, Austria and Eastern Europe. He replaces Michael Neumayer, who transferred to London late last year to head global equity sales (DW, 10/7).

Neumayer himself replaced Guido Rauch, who stepped down from the post over a year ago and has just resurfaced at Russian house Renaissance Capital. Neumayer said there will be further hires to come this year, declining comment on names or numbers.

Steffen Klein, head of equity sales at Bear Stearns in London, was traveling and could not immediately be reached to comment on a replacement for Hecher.

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