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Merrill Lynch hires former Bear Stearns executive



By AP
02 June 2008 @ 09:14 am EST

NEW YORK - Merrill Lynch & Co. said Monday it named Fares Noujaim president of the investment bank's Middle East and North Africa operations.

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Noujaim will also serve as head of sovereign wealth funds.

Noujaim, 45, previously was vice chairman of the board at Bear Stearns Cos., which was recently acquired by JPMorgan Chase & Co. He also previously served as head of Bear Stearns' capital markets group.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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