Bear Stearns is shifting a top aide of European chief executive Michel Péretié to a new role overseeing its growing Asian business less than a year after he was appointed co-head of fixed income in Europe.

John Moore, who alongside Yves Leysen was put in charge of European fixed income in October last year when Péretié picked his inner circle of bankers just days after becoming Bear Stearns' first chief executive for Europe and Asia, will relocate from London to Asia for the new role.