John Moore Appointed as CEO of Bear Stearns Asia

    NEW YORK, August 29 /CNW/ - The Bear Stearns Companies Inc. today
announced the appointment of John Moore as chief executive officer for its
businesses in Asia, responsible for overseeing the Firm's continued expansion
across the region and the growth of existing and new business lines. Mr. Moore
will take up his new role from the start of September and will be based at the
Firm's offices in Tokyo and Hong Kong. He will report to Michel Peretie, head
of Europe and Asia.

    Mr. Peretie commented on the appointment, "Our business in Asia is
growing at a significant rate and we are committed to increasing our
investment in people and technology to deliver the best products and services
to our clients. John is a great manager and business leader who has already
played a big part in the growth of the Firm. He is ideally suited to working
with the talented team in Asia to take that business to the next step in its
rapid development."

    Mr. Moore joined Bear Stearns in March 2001 as global head of Agency
Capital Markets in New York. In 2004 he moved to London to manage Fixed Income
Sales and Trading. In 2006 he became co-head of Fixed Income for Europe and
was appointed as a member of the European executive committee. He holds a BA
in Economics from Yale University and an MBA from Northwestern University.

    Bear Stearns has offices in Tokyo, Hong Kong, Beijing, Shanghai and
Singapore, focusing on business areas where it can leverage existing expertise
and meet the needs of both regional and global clients.

    About Bear Stearns

    Founded in 1923, The Bear Stearns Companies Inc. (NYSE:   BSC) is a leading
financial services firm serving governments, corporations, institutions and
individuals worldwide. The Company's core business lines include institutional
equities, fixed income, investment banking, global clearing services, asset
management, and private client services. Headquartered in New York City, the
company has approximately 15,000 employees worldwide. For additional
information about Bear Stearns, please visit the firm's web site at

For further information:

For further information: Bear, Stearns International Limited Jessica
Shepherd-Smith, +44 20 7516 5920 or Bear Stearns
(Japan), Ltd. Ai Ogawara, +81-3-3437-7878

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