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Bear Stearns hires US rate futures sales manager

US investment bank Bear Stearns has hired Alan Swimmer from rival Citigroup Salomon Smith Barney as a senior managing director and national sales manager for its interest rate futures business.

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Based in Chicago, Swimmer will attempt to broaden Bear Stearns’ distribution of interest rate futures. He is currently co-chairman of the futures commission merchants committee at the Chicago Board of Trade.

“Interest rate futures are a valuable risk management tool, as evidenced by the record volume these instruments have experienced in the past year,” claimed Roland Livney, Bear Stearns’ co-head of national sales for fixed-income instruments.

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