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Bear Stearns Continues Expansion in Asia with Five Key Hires in Global Equity Sales

HONG KONG--(BUSINESS WIRE)--Bear Stearns Asia Limited today announced five new hires in its Global Equities Division (GED) sales team -- three in equity sales and two in institutional equity derivatives sales. These appointments are part of an ongoing growth strategy at Bear Stearns to strengthen its franchise in Asia. All five employees are based in Hong Kong and report to Michael Bugel and Edward Ho, senior managing directors and Co-Heads of Hong Kong GED Sales.

"These hires in our global equities sales force further demonstrate our commitment to the region," said Michael Bugel. "They will help us increase our product offering and strengthen our franchise." Edward Ho added, "These employees are all experts in their fields, have years of experience and proven track records. They are certain to be a great asset for our clients."

Strengthening the firm's global equity derivatives platform, Jerry Yoon, a managing director and Nathan Larsen, an associate director have joined institutional equity derivatives sales. For the past three years, Mr. Yoon was a director of the institutional derivatives sales team at Merrill Lynch in Hong Kong. Before that, he spent three years at Deutsche Bank as an institutional equity derivatives salesperson covering options, futures, market access and swap products. Over the last year, Mr. Larsen was responsible for equity derivatives sales to institutional clients at Calyon. He was also at Macquarie Bank for five years in various sales roles including equity derivatives and convertible bonds sales.

Vivinne Cheng and Jonathan Garrick have joined Asian equity sales as managing directors and Monica Lam as associate director. They also report to Mr. Bugel and Mr. Ho. Previously, Ms. Cheng was a Director of regional sales at HSBC and Mr. Garrick was a Director of hedge fund sales at HSBC Global Markets. Ms. Lam was with Axis Capital.

About Bear Stearns Asia Limited:
Founded in 1987, Bear Stearns Asia Limited ("BSAL") is a Hong Kong Securities and Futures Commission ("SFC") licensed corporation. BSAL is authorised by the SFC to perform certain regulated activities in Hong Kong which includes dealing in securities, advising on securities and corporate finance advisory services. BSAL is also a participant (i.e. member) of the The Stock Exchange of Hong Kong Limited. Its main businesses include regional fixed income and equity sales and trading, equities research, investment banking, private client services, derivatives trading and marketing for Asia (ex-Japan) region.

About Bear Stearns:
Founded in 1923, The Bear Stearns Companies Inc. (NYSE:BSC) is a leading financial services firm serving governments, corporations, institutions and individuals worldwide. The Company's core business lines include institutional equities, fixed income, investment banking, global clearing services, asset management, and private client services. Headquartered in New York City, the company has approximately 14,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at www.bearstearns.com.

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