Bear Stearns International Ltd. has appointed three New York executives to senior posts in its international mortgage operation.The London-based arm of the U.S. Wall Street firm has appointed Fred Khedouri as head of European residential mortgage and consumer loan origination. Bear has also appointed Doug Lucas as head of European asset-backed securities trading and Virginia "Ginny" Darrow as chief executive officer of its Rooftop Mortgages Ltd. subsidiary. Mr. Khedouri has worked for Bear Stearns for 20 years, and his experience includes serving as the head of the global financial institutions investment banking group, as the senior mortgage securitization banker, and as a manager of a hedge fund that invests in subprime mortgage securities. Ms. Darrow previously held responsibilities at Bear Stearns that included serving as part of the management oversight team for EMC Mortgage Corp., a U.S. servicer and originator. Mr. Lucas has worked for Bear for over eight years and has experience in trading ABS, mortgage-backed securities, and collateralized debt obligations. Bear Stearns can be found online at http://www.bearstearns.com.

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