JPMorgan to Keep Bear Stearns Fixed-Income Chiefs

JPMorgan Chase & Co. will retain the co-heads of fixed income at Bear Stearns Cos., the first senior posts given to executives from the failed securities firm since its rescue three weeks ago.

Bear Stearns's Jeff Mayer and Craig Overlander will be vice-chairmen of the investment bank, according to an internal memo distributed today. Don McCree, head of fixed income at New York- based JPMorgan, is becoming executive vice president for treasury, corporate finance and corporate acquisitions.