C&L: Jeffrey Lane to become chairman and CEO of Bear Stearns Asset Management

JPMorgan Chase names William Daley to head Office of Corporate Social Responsibility.

Alain Karaoglan joins Bank of America as Property & Casualty Insurance analyst.

Jeffrey Lane to become chairman and CEO of Bear Stearns Asset Management.

Peter Yarrow leaves Fidelity International.

Jeff McDermott, formerly of UBS, co-founds hedge fund.

Carol Christ named to board at Merrill Lynch.