Bear Stearns has split its interest rate and credit derivatives marketing groups as part of a push into the credit derivatives arena. Peter Croncota, senior managing director in New York, had been responsible for both groups, but the firm has now promoted Dan Hoffman, an interest-rate derivatives marketer in New York, to head up the rates area. Croncota referred calls to Karen Besa, spokeswoman in New York, who declined comment. Hoffman did not return calls.
Bear Stearns Splits I-Rate, Credit Marketing
