Bear expands credit

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Bear Stearns has expanded its credit derivatives business with the appointment of Alex Reyfman as managing director and head of credit derivatives research. He reports to Dale Westhoff, senior managing director in the financial analytics & structured transaction group.

Reyfman joins from Goldman Sachs, where he covered the credit derivatives sector. Prior to working at Goldman, he covered the collateralized debt obligation sector at Lehman Brothers.

Mark Davies, head of global

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