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Bear fixed-income chiefs say 'thanks, but no thanks' to Jamie Dimon and JP Morgan

They were among the top Bear Stearns executives offered jobs by JP Morgan once the merger of the two firms is complete, but fixed-income trading co-heads Craig Overlander and Jeffrey Mayer won't be joining JPM according to an internal memo that Reuters got hold of.  They'll be leaving once the merger is complete.

The memo, sent to Bear and JPMorgan executives on Tuesday, did not reveal why the two were leaving. A JPMorgan spokeswoman confirmed the memo's contents, but declined further comment.

Last month, Overlander and Mayer were among just five Bear executives offered senior management jobs at JPMorgan after the merger, which is expected to be completed around June 1. The two have been active in helping integrate the investment banks, but informed JPMorgan they did not want to remain once the merger is completed.

Bear fixed-income chiefs to leave after merger - Reuters

May 22, 2008 in Bear Stearns, JPM Chase, Revolving Door |

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