Bear Stearns Hires Two In High-Grade, Loses Another
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Bear Stearns has hired a high-grade trader and an analyst, both from BNP Paribas, while also losing a trader, according to firm officials.
Joining the firm are Jim Bolger, a trader who will be a managing director at the firm, and Lygia Campbell, a senior analyst whose title could not be determined. Bolger traded U.S. and Yankee banks as well as finance credits, but will now trade cable and media. He reports to James Kenny, head of investment-grade trading. Campbell will cover insurance and consumer products, and report to Doug Colandrea, head of investment-grade research. Mark Alexandridis, head of credit trading at BNP, and Joe Labriola, head of research head, did not return calls.
Eric Hammes, a v.p. who traded industrial credits at Bear Stearns, will join J.P. Morgan as a trader. Calls to Hammes and Jon Gray, head of high-grade business at J.P. Morgan, were not returned. Hammes is the second recent addition to J.P. Morgan's high-grade desk.