Bear Stearns has hired Ted Izatt, a former Institutional Investor-ranked analyst, as an energy and basic materials researcher. Izatt, who started at the firm late last month, previously worked at Lehman Brothers, where he was an investment-grade energy analyst. He was selected the top-ranked investment-grade energy analyst on the 2001 Institutional Investor All-America Fixed-Income Research Team.
Izatt reports to Doug Colandrea, head of investment-grade research at Bear Stearns. Colandrea explains that Izatt is filling a new role that will also include coverage of credits in the basic materials sector. A spokeswoman from Lehman Brothers did not return a call by press time.