Bear Stearns appoints new head of convertibles origination

Bear Stearns has appointed Paul Rosica from Lehman Brothers as senior managing director and head of convertibles origination in its equity capital markets group.

Rosica held a similar position, but as a senior vice-president, at Lehman Brothers following a spell as head of corporate equity derivatives origination. Rosica was previously responsible for fixed-income derivatives marketing at Deutsche Bank in New York before he moved to Lehman.

“This comes at point when convertibles are among the most appealing capital-raising alternatives to both corporations and investors,” said John Kilgallon, Bear Stearns’ global head of equity capital markets and Rosica’s new boss.

“Along with his convertibles experience, Paul has thorough knowledge of both equity and fixed-income derivatives, and will immediately augment our solutions-oriented corporate finance practice,” Kilgallon said. “He has completed transactions across multiple industry sectors, for companies of varying credit profiles, and employed a full range of structural alternatives.”