The sale of Bear Stearns, initiated in mid-March, has triggered a wave of departures from the now defunct Wall Street bank, as some of its brightest stars chose to leave, or failed to secure jobs with JP Morgan. Research by Financial News reveals that more than 70 senior bankers have since departed Bear Stearns. Their names and new positions are listed here.
The most senior departures include Michel Péretié, the former head of Bear Stearns International in Europe, who last month agreed to join France's Société Générale with a view to becoming the head of its investment banking business, and David Glaser, co-head of investment banking at Bear Stearns, who joined Bank of America last week. He will become chairman of its global mergers and acquisitions practice.