Bear Names Prime Brokerage Co-Head

Mar 13 2007 | 11:04am ET

Bear Stearns, the leading prime broker by assets in the U.S., has appointed Leonard Feder co-head of that division. Feder, most recently head of structured trading at the Wall Street giant, joins Louis Lebedin, who has headed the prime brokerage business since June.

Feder, who has been with Bear since 1996, also had a stint as head of municipal derivatives, and led Bear’s Tokyo office from 2002 until last year, where he also served as head of fixed-income and derivatives in Asia.

“Lenny brings a great deal of expertise to our market-leading franchise,” Bruce Lisman, co-head of global equities, said. “His addition, coupled with Lou’s knowledge and experience within the prime brokerage sector, creates a formidable team.”

In addition to prime brokerage operations, Feder and Lebedin oversee Bear’s stock lending and equity finance businesses.

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