Brave or retiring Bear?

7 January 2010 By Antony Currie Follow @AntonyMCurrie

Bear Stearns last CFO looks like he s bouncing back to run a small brokerdealer following a merger. The question is which fallen financier he might emulate: Sandy Weill, who built Citigroup from small beginnings, or former Salomon boss John Gutfreund, who lay relatively low.

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Samuel Molinaro, Bear Stearns' final chief financial officer, is helping former client Braver Stern Securities negotiate the acquisition of Pali Capital, a small brokerdealer. Molinaro is also expected to become the new chief executive of the combined company, according to Bloomberg.

Pali Capital, which has more than 200 employees, specializes in equity and fixedincome sales, trading and research. It has had four chief executives in just 15 months.

Braver Stern is a money management and mortgagebacked securities trading firm founded in 1991.

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