Ex-Bear staff leave JP Morgan only two months into their jobs
They were co-heads of fixed income at Bear Stearns before JP Morgan took over the bank in March. During a resulting senior management reshuffle described in an internal memo dated April 4, Mayer and Overlander were named JP Morgan’s vice-chairmen of the investment banking division.
They plan to leave once the merger of the two banks has closed, which is expected to be the start of June.
See also:
JP Morgan launches placement programme for Bear Stearns staff
JP Morgan announces new heads post-merger
JP Morgan buys Bear Stearns after receiving Fed guarantee
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