Bear Stearns this week shifted Howard Tomlinson, senior managing director in fixed income in New York, to Hong Kong. Tomlinson, who is known as Ward, is taking on a new role as co-head of fixed income sales for non-Japan Asia.
"Ward's move signifies our continued expansion into Asia," said Leonard Feder, Asian head of derivatives and branch manager for Japan. Tomlinson, a 23-year veteran of the firm, will co-head with Kok Wee Tan, senior managing director in Singapore. He will also work with the Japanese sales effort for distributing U.S. dollar-denominated products and for local asset-backed security deals, noted Feder.
The move follows a massive buildup by the U.S. house in the region, which has hired some 50 staff over the last year and has recently set up an fx and fixed income derivatives trading desk in Hong Kong (DW, 6/16).
