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Meinnel Takes the Helm at Bear FX?

Sources close to Bear Stearns tell Squawkbox that Loic Meinnel has replaced Bernd Broker as head of foreign exchange at the bank in London. Broker is a nine year veteran of Bear and his whereabouts was unknown at time of going to press, however the sources suggest he is no longer with the organisation.

Meinnel was last with BNP Paribas in Paris where we was assisted with the transition to a new fixed income division structure in 2005 after stepping down as head of FX at the bank a few months previously.

The bank did not return calls for confirmation and comment by press time.

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