Feder to head Japanese derivatives for Bear Stearns
US investment bank Bear Stearns has appointed Leonard Feder to the newly created position of head of fixed income and derivatives for Japan. Feder will be responsible for the firm’s trading and risk management strategy for Japan, including corporate trading, derivatives trading, government bond trading, secondary asset-backed securities and syndication.
Feder, 33, joined Bear Stearns in 1996 as the co-head of the municipal derivatives group, and is credited with the creation of the first triple-A rated off-balance sheet repo company, Liquid Funding. Prior to joining Bear Stearns, Feder was vice-president in the derivatives department at Lehman Brothers.Feder will report directly to Michel Peretie, head of fixed income for Europe and Asia at Bear Stearns. “Lenny has a proven and exceptional track record with the firm, and we are pleased he accepted this new opportunity,” said Peretie.
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