A round-up of the latest positions for those in finance, covering investment markets worldwide
Investment banking business Merrill Lynch has made moves to further profit from its forex business by hiring more than 20 people to stabilise its global fixed income trade.
Four managing directors have been recruited to increase revenue from institutional investors and corporates.
Marcus Browning joins as co-head of foreign exchange trading, along with Adam Kreysar. Browning was previously at JP Morgan, where he was London head of specialised risk trading, while Kreysar was formerly with UBS.
Co-head of global foreign exchange Robert Catalanello joins from Goldman Sachs and Greg Chow has been recruited from Bank of America as head of global investor sales.
Merrill Lynch has also made internal promotions to support the integration of foreign exchange into its services, including the appointment of Cinta Del Monaco-Kemp as vice-chairperson for global foreign exchange and Jeffrey Lee as head of global local currency trading.
Despite its expansion in these areas, the group has lost several senior employees from its institutional sector. Former vice-president and portfolio manager Camilla Karlsson has left the group's private investors division to join Rothschild Asset Management as senior portfolio manager for its private banking division.
Anne Richards, a former member of the Alpha team, also departs Merrill Lynch to join Edinburgh Fund Managers as chief investment manager.
Goldman Sachs has lost a key member of its technology investment banking team with the departure of Thomas Hopkins to become senior leveraged finance originator for Deutsche Bank, based in New York.
Mark Miller, head of Morley Fund Managements' institutional marketing team, has left the group. His departure follows that of head of corporate research Donald Tosh.
Previously head of Morley's pooled funds marketing team before the CGNU merger, Miller is taking time off and, as yet, has no plans to join a competitor.
David Davies has been promoted to managing director at Whitechurch Securities. The company offers a discretionary investment management service, as well as providing investment advice.
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