Bear Stearns has shifted a US leveraged finance banker to London as part of a top-level management reshuffle in European investment banking aimed at driving the Wall Street bank's growth in the region.

Mark Goldstein, a senior managing director in the bank's financial sponsors group who has worked for Bear Stearns in the US for 13 years, is relocating to London to become co-head of European investment banking. He also assumes the new role of head of European acquisition finance, Bear Stearns said today.