Bear Stearns has hired Patrick Hagan, head of quantitative derivatives research at Nomura Securities in New York, as head of fixed-income research, according to a firm official. Hagan will oversee the pricing systems for fixed-income derivatives in New York. He is joining a team of around four interest-rate derivatives researchers.
Hagan, who joined Bear Stearns three weeks ago, reports to Dino Buturovic, head of derivatives research. Buturovic declined comment. While at Nomura, Hagan reported to Mark Lieberman, head of the interest-rate swaps desk in New York. Lieberman referred calls to the press office, where a spokesman declined comment.
