JPMorgan Chase & Co. of New York has hired 30 senior managing directors formerly of The Bear Stearns Cos. Inc., according to Bloomberg News.
JPMorgan has also informed at least 50 people in Bear Stearns’ European-equities-and-sales division that they will not have a future with the company when the firms’ upcoming merger is completed.
That group comprised around 27 people from the London equity sales team of Bear, as well as one-third of research personnel.
Around 23 additional research employees were retained by JPMorgan, while 23 more will have to wait for next week to know whether or not they have jobs.
The Bloomberg report did not name any of those affected in the reshuffle.
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