The new Bear Stearns
Private Fund Group will be lead by Leo van den Thillart, formerly senior managing partner of Crane Capital, and Paul Sanabria, a senior managing director of Bear Stearns
Asset Management (BSAM).
We are extremely excited to be welcoming nearly 660 people from Encore Credit to Bear Stearns
," said Jeff Verschleiser, co-head of mortgage trading for Bear Stearns
We are very pleased to have Bear Stearns
as our capital partner in the Fund," said James R.
The acquisition of ECC Capital's origination unit will give Bear Stearns
a substantial stake in the subprime lending business," said Jeff Verschleiser, a senior managing director in the mortgage department at Bear Stearns
Haskin has been with Bear Stearns
for 11 years based in New York, where he was a senior member of the firm's real estate investment banking team.
Dijkstra joins Bear Stearns
from NIBC, where he was a member of the board and responsible for the strategic business units for financial markets, real estate markets and investment management.
As our European franchise continues to grow in strength and importance to the firm, we believe there is a need for a Chief Executive Officer to lead the dynamic expansion of our business in this key marketplace," said Bear Stearns
Chairman and Chief Executive Officer, James E.
Despite a lower level of market risk, Fitch believes Bear Stearns
will be challenged to broaden its franchise further.
Michel Peretie, Chairman of Bear Stearns
in Europe said, "This building represents a major milestone in the development of Bear Stearns
' franchise in Europe and confirms our commitment to the region.
offers market-leading execution and clearing services and is on the forefront of providing customers with new technology to take better advantage of their portfolio strategies.
He has been with Bear Stearns
for over eight years and has been in the mortgage industry for over 16 years.
BearCast(TM) is content in motion, putting Bear Stearns
research right in your pocket, available whenever you want it," said Kay Booth, senior managing director and Director of Global Equity Research.