Capital IQ Power Moves

Merrill Lynch & Co. announced that Michael Nierenberg from JP Morgan will be joining the firm to head global mortgages and securitized products businesses, and that James De Mare from Citigroup will also be joining to run the company’s mortgage trading operations. Mr. Nierenberg will report directly to Thomas K. Montag, head of global sales and trading, and Mr. De Mare will report to Mr. Nierenberg. Mr. Nierenberg was most recently JP Morgan’s head of global securitized products, a position he held after moving to that firm following its purchase of Bear Stearns earlier this year.-Business Wire