Bear Names Cherasia CIO

Meet Peter Cherasia, the new CIO and director of e-commerce for Bear Stearns. His mission: to build a firm-wide e-platform. "Most of the departments have significant efforts underway to build or purchase Web technology," he says. Seeking to reduce the overlap, he aims to create a common platform based on Bear’s $100 million Clearnet initiative. That’s the proprietary platform for Bear’s corresponding clearing clients via the Internet or private lines. Its services

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