Chicago PB hires Bear Stearns exec

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Chicago-based Gar Wood Securities, a broker/dealer specializing in prime brokerage, has hired Leslie Zuckerman, a former managing director of Bear Stearns, to drive prime brokerage sales in the Midwest.

Zuckerman's newly created role reflects a push at Gar Wood to carve out a prime brokerage niche that caters to smaller startup funds. Gar Wood opened an office in Dallas this week.

Zuckerman says she joined Gar Wood in last year's fourth quarter, prior to the closing of Bear's prime brokerage office in Chicago last week. That office is understood to have employed as many as 16 people at