Kelley Millet, senior managing director and co-head of credit trading at Bear Stearns, left the firm last week. Sources said it was his decision to leave, but it could not be determined if he had a new destination lined up. Millet could not be reached for comment.
Mark Davies was the co-head of credit trading with Millet. It is unknown whether the firm will replace Millet. A Bear Stearns spokeswoman confirmed Millet’s departure but could not provide any more information. Prior to joining Bear Stearns, Millet worked at JPMorgan, where he was a managing director and head of North American debt capital markets. Davies was out of the office and could not be reached.