Bear Stearns names Loic Meinnel as new European head of foreign exchange

Taking over from Bernd Broker, Meinnel will be in charge of expanding foreign exchange activities and building out the firm's emerging markets business.

Broker has been spearheading the development of the foreign exchange operations, and more recently the emerging markets franchises, for about 12 years. He steps down to pursue other opportunities within Bear Stearns, but continues as a senior member of the fixed-income division.

Meinnel comes in from BNP Paribas, where he was global head of foreign exchange, and also a member of the fixed-income executive committee. He also previously worked as head of foreign exchange options trading in Europe at UBS.

He will be based in London, and report to Yves Leysen, the firm’s head of fixed income in Europe.

See also : New CEO for Bear Stearns Securities Corporation
Bear Stearns slashes 650 jobs
Bear Stearns adds two to structured equity team

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