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Derivatives

Credit Sales Head Exits Bear Stearns In U.S.

Peter Croncota, head of credit derivatives sales at Bear Stearns in New York, is leaving the firm.

Peter Croncota, head of credit derivatives sales at Bear Stearns in New York, is leaving the firm. Croncota moved earlier this year to focus only on credit derivatives (DW, 2/29). He had previously headed both credit and interest-rate derivatives marketing globally. "I've had a great experience for nine years at Bear Stearns and have thoroughly enjoyed working with great people here. I am looking forward to doing something different in the future," he said.

Over the past year Bear Stearns has been rapidly expanding its credit derivatives presence and has made several key hires, including most recently, David Carlson, former global head of credit derivatives trading at Credit Suisse First Boston, as head of global credit derivatives marketing, based in New York.

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