The private client services division of Bear Stearns in the US has appointed Mark Whaley as a managing director. Mr Whaley will be responsib...

The private client services division of Bear Stearns in the US has appointed Mark Whaley as a managing director. Mr Whaley will be responsible for developing a private client services presence in New Jersey through a satellite office. Opening satellite offices in markets where Bear Stearns has the opportunity to hire the top brokers is part of the company’s s current growth strategy. Other satellite offices are located in Seattle and St Louis; other type offices are planned.