New CEO for Bear Stearns Securities Corporation

Michael Minikes has been named chief executive officer of Bear Stearns Securities Corporation (BSSC), which conducts Bear Stearns’ clearing operations. Robert Upton will assume the title of treasurer of the New York-based parent organisation The Bear Stearns Companies.

Minikes will oversee the clearing business, and serve the firm's prime brokerage and correspondent clearing clients. Minikes has worked at Bear Stearns' prime brokerage business since the early 1980s and played a role in forming the BSSC division in 1991.

In addition to his duties as treasurer of the holding company, Upton will continue to manage the firm's corporate treasury functions globally, which includes global funding, funding/liquidity risk management, capital raising and capital allocation, asset/liability and balance-sheet management, rating agency, bank and fixed-income investor relations, and transfer pricing/interest allocation within the firm.

See also:
Bear Stearns slashes 650 jobs
Bear Stearns adds two to structured equity team

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here