Bear Stearns, which Financial News reported is planning to triple its European staff over the next two years, is reportedly also set to double headcount in Hong Kong to serve Asia outside Japan.

In an interview with Bloomberg, Craig Overlander, co-head of global fixed income, confirmed Financial News' report in January that Bear Stearns will increase the number it employs in Europe. The growing headcount will be housed in Bear's new European headquarters in Canary Wharf, due for completion in 2009.