News By Company: Merrill Lynch

Friday, November 14, 2008

Bank of America and Merrill Lynch Appoints Andrea Orcel

bank-of-america1.jpgBank of America and Merrill Lync announced that Merrill’s Andrea Orcel, head of global origination and president of Europe, Middle East and Africa, or EMEA, global markets and investment banking, will become president of the combined banks’ global banking, securities and wealth management division.-Daily Deal/The Deal


Thursday, November 13, 2008

Merrill Lynch Announces Management Changes

merrill-lynch.jpgMerrill Lynch head of investment banking for all of Asia, Damian Chunilal, has left the company, the second top level shake-up in the last two months at Merrill’s Asia group. Sheldon Trainor, Merrill’s head of Asia investment banking, excluding Japan and Australia, stepped down from day-to-day responsibilities of the division in September to assume a new role. Trainor reported to Chunilal before and after his move.-The International Herald Tribune


Wednesday, October 1, 2008

Merrill Lynch Appoints James Chapman

merrill-lynch.jpgMerrill Lynch has appointed James Chapman as director and head of Asia power investment banking along with a five-member team, all previously from Lehman Brothers. James and team will bring significant advisory and capital markets experience within the Asia power industry to Merrill Lynch.

James has worked in the industry for the past 14 years during which time he has developed close relationships with power clients globally. At Lehman Brothers, James was also responsible for supporting the sourcing and execution of interest rate, FX and commodities hedging and other risk management solutions across power sector clients. James will report to Naomi Molson. The other recruitments include, Anoop Chaudhry, who joins as a vice president, a position he also held at Lehman Brothers.-Financial Express


Thursday, September 11, 2008

Merrill Lynch Appoints George H. Young III

Merrill LynchMerrill Lynch announced that George H. Young (Woody) III has joined Merrill Lynch as global head of technology, media and telecommunications investment banking. Mr. Young will be based in New York.

Mr. Young was head of the global communications group at Lehman Brothers until March, 2007. He was also a member of Lehman’s investment banking division executive committee.-Business Wire


Wednesday, September 10, 2008

Merrill Lynch Appoints Gary Carlin

MerrillEffective September 8, 2008, Gary Carlin, 51, has been appointed chief accounting officer of Merrill Lynch. Mr. Carlin will undertake this role in addition to his current responsibilities as corporate controller, a position which he has held since May 2007.

From May 2003 to May 2007, Mr. Carlin was chief financial officer of the firm’s global banking and credit units. Mr. Carlin succeeds Christopher Hayward, who continues as the firm’s finance director and also leads the firm’s holding company supervision initiatives.-SEC Form 8k


Monday, September 8, 2008

Merrill Lynch Hires Dick Barrett and Mark Ellman

Merrill LynchMerrill Lynch & Co. announced that Dick Barrett and Mark Ellman will be joining Merrill Lynch as vice chairmen, based in New York and reporting to Andrea Orcel, head of global origination, Merrill Lynch.

Previously Dick and Mark were at Barrett Ellman Stoddard Capital Partners. Dick was also at Salomon Brothers for nearly 20 years including the last three as head of global investment banking. He subsequently led the financial institutions groups at UBS, DLJ and Credit Suisse. Mark began his career in accounting and law before becoming an investment banker at Wasserstein Perella and Morgan Stanley. After that, he became head of Insurance Investment Banking at UBS and DLJ before moving to Credit Suisse.-Business Wire


Wednesday, September 3, 2008

Merrill Lynch & Co. Announces Executive Appointments

Merrill LynchMerrill 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


Monday, August 11, 2008

Merrill Lynch & Co Appoints Chris Augustin & Pradeep Pai

Merrill LynchChris Augustin joined Merrill Lynch & Co. as chief investment officer. Augustin was CIO and global head of capital markets and banking technology at Citigroup. At Merrill, he reports to Thomas Sanzone, who was named executive vice president and chief administrative officer after leaving Credit Suisse Group earlier this year. Sanzone also worked in Citigroup’s corporate and investment bank.

Merrill Lynch & Co. also announced that Pradeep Pai joined as a managing director and chief technology officer for investment banking and research. He was a director of fixed income technology for Citi’s markets and banking division.-Daily Deal/The Deal


Friday, August 8, 2008

Merrill Lynch Alternative Investments Announces Resignation of Shawn T. Wells

merrill lynchEffective as of August 1, 2008, Merrill Lynch Alternative Investments announced that Shawn T. Wells resigned as a vice president.-SEC Form 8k


Tuesday, August 5, 2008

Merrill Lynch & Co. Announces Executive Appointments

Merrill LynchFotis Hasiotis and Philip Noblet were appointed co-heads of Merrill Lynch & Co.’s EMEA financial sponsors group. Hasiotis will relocate from New York to London. Noblet was deputy head of European mergers and acquisitions and head of M&A for EMEA financial sponsors. Also, David Melvin was named chairman of EMEA financial sponsors and leveraged finance, while Jeff Kaplan became global head of financial sponsors. Kaplan joined Merrill in 1987.-Daily Deal/The Deal


Thursday, July 31, 2008

Merrill Lynch Announces Executive Changes

Merrill LynchMerrill Lynch has hired a number of project and infrastructure finance bankers from UBS.

In the transportation group, Mitchell Gold has joined as a director, Michael Placencia and David McCarthy as vice presidents, all based in New York.

In the transportation infrastructure group, Eugene Spinelli has joined as a director, and Michael Vogel as a vice-president, both in the Philadelphia office, and Jeanny Pakas as a director in New York.

In the infrastructure group, Bruce Huang and Kenneth Gillespie will be joining as vice-presidents. Jonathan Ward has left his position as head of syndications at Standard Chartered, following a reorganisation at the bank.-Project Finance


Wednesday, July 16, 2008

Merrill Lynch & Co. Appoints Peter Kraus

Merrill LynchPeter Kraus was appointed as executive vice president of Merrill Lynch & Co. Previously he was co-head of the investment management unit at Goldman Sachs.


Friday, July 11, 2008

Merrill Lynch & Co. Appoints Hugh Sullivan

Merrill LynchMerrill Lynch & Co. appointed Hugh Sullivan as head of investment banking, Germany, Austria and Switzerland. He is also global head of multi industries and will work from Frankfurt and London. Sullivan reports to Andrea Orcel, global head of origination and president of global markets and investment banking. Sullivan joined Merrill in 1997 and replaces Flavio Valeri, who is leaving to work in the Italian banking industry. Sullivan began his investment banking career in the mergers and acquisitions group at First Boston.-Daily Deal/The Deal


Monday, July 7, 2008

Merrill Lynch & Co. Appoints Glen Campbell

Merill LynchMerrill Lynch & Co. named Glen Campbell head of equity research for Canada, following Ihor Danyliuk’s departure. Campbell is based in Toronto and joined Merrill in 1996. He will continue to cover Canadian telecom services stocks and will cover U.S. telecom services, supported by New York-based Michael Funk.-Daily Deal/The Deal


Merrill Lynch Appoints Antony Hung

Merill LynchMerrill Lynch & Co. has appointed Antony Hung as the head of wealth management in Pacific Rim region. Hung, who continues to be a member of the Pacific Rim operating committee, would head Merrill Lynch’s wealth management unit in the Pacific Rim region (Asia and Australia).

Previously, Hung was heading the fixed income, currencies and commodities (FICC) division for the Pacific Rim and he would continue to hold the post till his successor is appointed. As the head of FICC division he was responsible for all sales, trading, liability management and structuring of fixed income, currencies and commodities products, along with principal investments in the region.-The Press Trust of India


Tuesday, June 24, 2008

Merrill Lynch Alternative Investments Announces Management Changes

Merrill LynchML Chesapeake FuturesAccess announced that effective as of June 13, 2008, Steven B. Olgin resigned as vice president of Merrill Lynch Alternative Investments and resigned as a member of its board of managers. Effective as of June 13, 2008, Justin Ferri became vice president of the company. Effective as of June 13, 2008, Justin Ferri became a member of the company’s board of managers. Mr. Ferri is managing director within the MLPF&S structured and alternative solutions group and is a vice president of IQ Investment Advisors.-SEC Form 8k


Tuesday, June 10, 2008

John R. Tyers to Join Merrill Lynch

Merrill LynchMerrill Lynch announced that John R. Tyers will join the firm as president of Broadcort Capital Corp. Mr. Tyers will report to managing director Michael Perry, head of corporate and investment services in the firm’s global wealth management group. Mr. Tyers joins the firm with more than 15 years of experience in financial services, focusing on the investment advisor, brokerage, technology and investment management markets. Most recently, Mr. Tyers served as senior managing director and co-head of Bear Stearns broker dealer and investment advisor services, now part of JPMorgan, where he was responsible for leading and executing the growth strategy and day-to-day operations of the group.-Business Wire


Tuesday, June 3, 2008

Merrill Lynch & Co. Appoints Fares D. Noujaim

Merrill LynchMerrill Lynch & Co. announced that Fares D. Noujaim will be joining the company as president of the firm’s business in the Middle East & North Africa. He will also be the global head of sovereign wealth funds. Mr. Noujaim will be based in the Middle East and New York, and he will report to Gregory J. Fleming, president and chief operating officer of Merrill Lynch. Mr. Noujaim will be joining Merrill Lynch from Bear, Stearns & Co. Inc., where he was vice chairman of the board of directors and a member of the firm’s President’s Advisory Committee, having previously served as the committee’s chairman.-Business Wire


Friday, May 30, 2008

Merrill Lynch & Co. Appoints James B. Quigley

Merill LynchMerrill Lynch & Co. announced that James B. Quigley has been appointed president of Merrill Lynch for Latin America and Canada. Mr. Quigley will report to Gregory J. Fleming, president and chief operating officer of Merrill Lynch.

In this newly created role, Mr. Quigley will be responsible for driving the firm’s business and operating strategies in Latin America and Canada. Mr. Quigley will manage Merrill Lynch’s Latin American and Canadian businesses on a fully integrated basis across wealth management, sales and trading, origination and principal investments.-Business Wire


Friday, May 16, 2008

Merrill Lynch & Co. Appoints Jean-Eudes Renier

Merrill LynchMerrill Lynch & Co. appointed Jean-Eudes Renier as a managing director in its multi-industries origination business in Europe, Africa and the Middle East. London-based Renier reports to Hugh Sullivan, global head of multi-industries origination. Renier was a managing director in the basic materials group at Morgan Stanley.-Daily Deal/The Deal


Wednesday, May 14, 2008

Merrill Lynch & Co. Hires Caroline Silver

Merrill LynchMerrill Lynch & Co. hired Caroline Silver as vice chairwoman of investment banking for Europe, the Middle East and Africa. Silver spent 15 years at Morgan Stanley, most recently as vice chairman of investment banking. Before that, she was co-head of financial institutions. Silver also worked at Price Waterhouse and Morgan Grenfell.-Daily Deal/The Deal


Tuesday, May 6, 2008

Merrill Lynch & Co. Appoints Peter S. Kraus

merrill-lynch.jpgMerrill Lynch & Co. announced that Peter S. Kraus has been appointed as executive vice president and a member of the firm’s management committee. Mr. Kraus will report to John A. Thain, chairman and CEO of Merrill Lynch. Mr. Kraus will be responsible for overseeing the firm’s business strategy and investments; global growth plans and opportunities, and corporate acquisitions.

He will also lead initiatives to integrate the work of the corporate strategy and business development team with the efforts of the firm’s senior business leaders around the world to identify cross-platform synergies. Most recently, Mr. Kraus was with Goldman Sachs Group for over 22 years where he was co-head of the investment management division (IMD), and a member of the management committee. -Business Wire


Monday, April 28, 2008

Merrill Lynch & Co. Appoints Thomas K. Montag

Merill LynchMerrill Lynch & Co. announced that Thomas K. Montag, 51, has been appointed head of global sales and trading. Mr. Montag will report directly to John A. Thain, chairman and CEO of Merrill Lynch. In his role, Mr. Montag will be responsible for all the firm’s global sales and trading activities across debt and equities.

Most recently, Mr. Montag was with Goldman Sachs Group for over 22 years where he was co-head of the global securities business and a member of the company’s management committee when he left the company in December, 2007. Prior to being co-head of the global securities business he was co-president of Goldman Sachs’ Japanese operations since 2001 and before that ran the firm’s global derivatives business.-Business Wire


Monday, April 14, 2008

Merrill Lynch & Co. Appoints Adriano Borges

Merrill LynchMerrill Lynch & Co. announced that it has appointed Adriano Borges, adding to an expansion of its origination, advisory and M&A investment banking team begun in March when the firm hired nine best-in-class originators for its Brazilian business. Mr. Borges has left Credit Suisse Brasil to run Merrill Lynch’s Brazilian financial institutions group (FIG) and real estate sectors.

He will join Alexandre Bettamio, former co-head of investment banking at UBS-Pactual, who came to Merrill Lynch as part of the recent hires to head up the firm’s Brazilian investment banking business. At Credit Suisse Brasil, Mr. Borges was a senior banker, responsible for the origination and execution of several landmark equity, debt and M&A transactions over the last three years, including the introduction of Brazilian real estate, technology and agribusiness sectors to the country’s burgeoning local equity market.-Business Wire


Thursday, April 10, 2008

Avondale Partners Names Michael Ryan as MD

Avondale Partners has named Michael Ryan a managing director and head of new issues in the firm’s investment banking group. He will focus on originating and executing public offerings. Ryan has worked for J.P. Morgan Chase & Co., Merrill Lynch & Co. and J.C. Bradford & Co. -The Daily Deal


Tuesday, April 1, 2008

Merrill Lynch Alternative Investments Appoints CEO

merrill-lynch.jpg Merrill Lynch Alternative Investments announced that effective as of March 27, 2008, Robert D. Ollwerther resigned as the chief executive officer and president, and resigned as a member of the board of managers. Effective as of March 27, 2008, Paul Morton became the chief executive officer and president. He is the chief executive officer of MLAI, and also serves as the COO for the global investment and insurance solutions (GIIS) group for Merrill Lynch. Effective as of March 27, 2008, Paul Morton became a member of the manager’s board of managers. -SEC Form 8k


Friday, March 21, 2008

Robert D. Ollwerther to Resign as Chief Executive Officer, President and Member of the Board of Managers of Merrill Lynch Alternative Investments

Merrill LynchMerrill Lynch Alternative Investments announced that on March 14, 2008 Robert D. Ollwerther gave verbal notice to the company regarding his resignation as chief executive officer and president of the company and resignation as a member of the board of managers. As of the date hereof, there is not a definitive effective date regarding the resignation. -SEC Form 8k


Thursday, March 20, 2008

Merrill Lynch Appoints Steven K. Berry

Merrill LynchMerrill Lynch announced that it has appointed Steven K. Berry head of government relations for the firm. Mr. Berry will report to Margaret D. Tutwiler, senior vice president and head of communications & public affairs.

Mr. Berry brings more than 30 years of experience in the public and private sectors, most recently serving as executive vice president of government affairs and corporate responsibility for the direct marketing association. -Business Wire


Merrill Lynch Appoints Gregory Franks

Merrill Lynch appointed Gregory Franks as director of its Mid-Atlantic division based in Baltimore. -The Baltimore Sun


Tuesday, March 4, 2008

Merrill Lynch & Co. Names Thomas J. Sanzone as Executive Vice President and Chief Administrative Officer

Merrill LynchMerrill Lynch & Co. announced that Thomas J. Sanzone has been appointed as executive vice president and chief administrative officer of the company reporting to Chairman and Chief Executive Officer John A. Thain. He will join the firm in the second half of 2008 and have responsibility for Merrill Lynch’s global technology, operations, and corporate services groups.

Mr. Sanzone, 47, was most recently chief information officer of Credit Suisse since 2005. Prior to that, he was chief information officer for Citigroup’s Corporate and Investment Bank, the Private Client Group, and the Global Transaction Services business. As chief administrative officer, Mr. Sanzone will be responsible for global client services and operations; technology applications development and infrastructure; business process and sourcing strategies; information security; and global real estate, purchasing, and services. -Business Wire


Tuesday, February 26, 2008

Merrill Lynch Appoints Eugene M. Mcquade Vice Chairman and President of Merrill Lynch’s U.S. Banks

Merrill LynchMerrill Lynch announced that it has appointed Eugene M. McQuade vice chairman and president of Merrill Lynch’s U.S. banks. In this new position, Mr. McQuade will be responsible for all U.S. banking operations, including Merrill Lynch Bank USA and Merrill Lynch Bank & Trust. He will report to Robert J. McCann, president of global wealth management at Merrill Lynch, and join the global wealth management executive committee.

Prior to joining Merrill Lynch, Mr. McQuade was president and chief operating officer of Freddie Mac. He has also served as president of Bank of America Corporation, president and chief operating officer of FleetBoston Financial, and executive vice president and controller of Manufacturers Hanover, a predecessor of J.P. Morgan Chase. Mr. McQuade began his career at KPMG Peat Marwick in New York. -Business Wire


Thursday, January 31, 2008

Merrill Lynch Announces Executive Changes

Merrill LynchMelvyn Ford, the head of prime brokerage in Asia for Merrill Lynch, has left the firm. Brian Canniffe and Eddie Guillemette are taking over his role as the joint heads of Pacific Rim Global Markets Financing & Services. Guillemette will be in charge of sales, capital introduction and consulting services, while Canniffe will run trading and risk. No reason was given for Ford’s departure.


Tuesday, January 29, 2008

Ahmass L. Fakahany to Retire from Merrill Lynch

merrill LynchMerrill Lynch & Co. announced that Ahmass L. Fakahany, 49, co-president and chief operating officer of Merrill Lynch, has informed the company of his decision to retire and will leave his current role, effective February 1, 2008. Mr. Fakahany joined Merrill Lynch in 1987 and has served in a variety of senior roles. -Business Wire


Friday, January 18, 2008

Merrill Lynch & Co. Appoints Noel B. Donohoe as Co-Chief Risk Officer

merrill lynchMerrill Lynch & Co. announced that it has appointed Noel B. Donohoe as co-chief risk officer. Mr. Donohoe will report directly to John A. Thain, chairman and CEO of Merrill Lynch. Mr. Donohoe brings more than 20 years of risk management experience in the financial services industry to Merrill Lynch. Most recently he was chief operating officer and a partner of Dune Capital Management. -Business Wire


Thursday, January 10, 2008

Rockefeller & Co. Appoints Susan Traver

Rockefeller & Co. announced that it has appointed Susan Traver as managing director of marketing and sales. In her new role, Ms. Traver, 47, will oversee Rockefeller & Co.’s marketing and sales functions, working closely with senior professionals. She will be based in the firm’s Washington, DC office, and report directly to Jim McDonald, president and chief executive officer.

Prior to joining Rockefeller & Co., Ms. Traver most recently managed Merrill Lynch’s private banking and investment group for the mid-atlantic region. -PR Newswire


Monday, January 7, 2008

Merrill Lynch & Co. Announces Resignation

merrill-lynch.jpgMerrill Lynch & Co. announced that head of global wealth management for the Americas will step down at the end of January, 2008. Mac Gardner’s departure was announced in an internal memo from Robert McCann, president of global wealth management at Merrill. McCann didn’t give a reason for Gardner’s exit. No replacement has been named. Gardner’s exit comes after an expansion of his role in December 2006 that positioned him to be a potential successor to McCann. -Associated Press Newswires


Tuesday, December 18, 2007

Merrill Lynch & Co. Rehires Jeffrey Kronthal as Consultant

Merrill LynchMerrill Lynch & Co. announced that it will bring back former top bond executive Jeffrey Kronthal as a consultant on its portfolio of subprime-mortgage assets, which have triggered huge losses. Mr. Kronthal and a group of other senior fixed-income executives were ousted in mid-2006, and the absence of their risk oversight has been cited as a factor in the buildup of mortgage assets that eventually cost the firm $7.9 billion in the third quarter.

Mr. Kronthal’s return to the firm was announced by Merrill co-president Gregory Fleming. Mr. Kronthal couldn’t be reached to comment on the announcement. Before leaving in July, 2006, he was a senior vice-president in charge of credit, real estate and structured products. In his new role, Mr. Kronthal will advise on the firm’s fixed-income business and risk management. He also will be a resource to David Sobotka, who became head of fixed income, currencies and commodities in October. -The Globe and Mail


Wednesday, December 12, 2007

Merrill Lynch Names Margaret D. Tutwiler

merrill lynchMerrill Lynch & Co. announced that Margaret D. Tutwiler has been appointed senior vice president and head of global communications & public affairs of the company, effective December 17, 2007. Ms. Tutwiler, 56, has been head of global communications and government relations for the NYSE Euronext and its predecessor company NYSE Group since July 2004. Ms. Tutwiler will report to John A. Thain, chairman and CEO. As senior communications strategist, Ms. Tutwiler will assume responsibility for all external and internal communications activities. This includes: media and government relations; employee, business group, executive shareholder and public policy communications, corporate marketing and brand identity, and other related activities. -Business Wire


Tuesday, December 4, 2007

Merrill Lynch & Co. Announces Executive Changes

MerrillMerrill Lynch & Co. announced that it hired Nelson Chai as its new chief financial officer, replacing Jeffrey Edwards. Chai is currently CFO of NYSE Euronext (NYX) . Edwards will be given a new operating role at Merrill. Chai’s move from NYSE follows that of John Thain, the former chief executive of the stock exchange operator, who was named CEO of Merrill in November. Merrill CEO Stanley O’Neal stepped down in the wake of the losses. - CBS.MarketWatch.com


Thursday, November 15, 2007

Merrill Lynch & Co. Appoints John A. Thain

merrill-lynch.jpgMerrill Lynch & Co. announced that John A. Thain, chief executive officer, director and member of management committee of NYSE Euronext and former president and chief operating officer of Goldman Sachs Group, has been appointed chairman and chief executive officer of Merrill Lynch effective December 1, 2007. Mr. Thain, 52, joined the NYSE on January 15, 2004, serving as chief executive officer and a director. Prior to joining the NYSE, he served as president and chief operating officer of Goldman Sachs Group. -Business Wire



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