changes-underway-at-merrill-post-boa-takeover

Changes underway at Merrill post BoA takeover

In Asia, Sheldon Trainor sets out on his own (though continues as an adviser), Mark Matthews leaves the research team, and the firm sets up a new corporate finance advisory group.
January 14, 2009
The changes underway at Merrill Lynch as the investment bank tweaks its teams following the takeover by Bank of America are likely to come out in dribs and drabs over the next few months, if not years û after all, as many as 35,000 jobs may be eliminated in the next three years as the two US banks combine.

One transition much talked about in the market regards Merrill LynchÆs head of Asia investment banking, Sheldon Trainor, who has been rumoured to have plans to set out on his own. HeÆs managing to do that û and keep his finger on Bank of AmericaÆs pulse.

Trainor plans to set up his own private equity firm...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222