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Derivatives

I-Rate Trader Exits CSFB For Bear Stearns

Alan Mittleman, an interest-rate swaps trader at Credit Suisse First Boston, is heading to Bear Stearns to take a similar role. He replaces Edward Rich, managing director in interest rate swap trading, who left last month (DW, 6/15), according to a professional familiar with the hire. Mittleman and Rich could not be reached.

Mittleman will report to Michael Fedak, senior managing director. Fedak and Michele Agostinho, spokeswoman in New York, did not return calls.

At CSFB, John Gallagher, spokesman in New York, confirmed Mittleman's departure but declined further comment.

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