Bear Stearns names risk chiefs

Investment bank Bear Stearns has named Michael Alix as chief risk officer and Robert Neff as his deputy.

Both men will be based in New York. Alix was previously head of Bear Stearns' global credit department and chairs its credit policy committee. Neff is currently head of market risk.

Both posts have been newly created by the company in order to handle "the increasing interaction of credit, trading and operational risks in our global, diverse and complex businesses", Bear Stearns chairman James Cayne said.


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