People Moves
New York Private Bank Appoints Senior Bear Stearns Exec as CEO
New York-based private bank Modern Bank has appointed Jeff Lane, the ex-head of asset management at Bear Stearns, as chief executive, according to the Wall Street Journal. He joins on 1 July.
Mr Lane joined Bear Stearns in June 2007, when it was struggling with the failure of two prominent internal hedge funds, the report said.
He has most recently been helping the transition of Bear’s asset
management arm into acquiring bank JPMorgan.
