Feder to head Japanese derivatives for Bear Stearns

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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