Bear Stearns to expand in London, following global plan
NEWS
The news follows the announcement that Michel Péretié, Bear Stearns' chief executive in Europe, is intending to increase London staffing levels from 1,200 to 3,500 by 2009.
Bernd Broker, global head of FX in London, told FX Week: "The bank has big growth plans, and I plan to [expand] the FX team in line with the growth of the whole fixed-income division."
The main focus of the recruitment drive is likely to be on increasing the bank's exposure to emerging markets. Broker said: "There are still
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