Bear Stearns has hired three new senior analysts for its fixed-income research team. Eric Hausler, managing director, will cover the fixed-income gaming, leisure and lodging sectors. Frank Henson, managing director, will cover the retail, consumer product and grocer credit sectors and Alberto Bernal will be working in the emerging markets area. Additionally, Masumi Goldman, managing director, took over as head of CMBS research in July, replacing Peter Rubinstein, senior managing director, who left in April. Hausler replaces John Mulkey, an analyst in the gaming sector.
"Each of these analysts is unique in their space," explained Dan Spina, senior managing director and head of fixed-income research at the bank. His team was ranked fifth in the 2005 Institutional Investor All-America Fixed-Income Research Team. Spina said the group is focused on merging fundamental analysis with quantitative analysis.
Hausler was previously a senior equity gaming analyst at Susquehanna Financial Group after working as an associate analyst at Deutsche Bank. He also worked as a member of the equity research gaming team at Bear Stearns from 1999-2000. Last year he was named an "Up and Comer" in Institutional Investor's 2004 Best of the Street Equity Research poll for gaming and lodging.
Two of the new managing directors were nabbed from Morgan Stanley. Henson joined Bear Stearns last month after eight years at Morgan Stanley, first working in investment banking in New York and Asia, and then credit research on the retail, consumer product and grocer industries. His role analyzing the retail space is new for the bank, but is especially important as it is an area that is becoming more important to clients, explained Spina. Goldman spent six years at Morgan Stanley in securitized products five working in research and one year in structuring.
Bernal will be responsible for following the Columbian, Venezuelan, Argentinean, Ecuadorian and Mexican economies for the emerging markets team. He was previously head of Latin American economic research at IDEAglobal, where he conducted economic analysis of various Latin American countries to support trading ideas on local and external markets. He also worked at Banco de Bogotà as a currency trader.