Lured by rivals offering generous packages ,a number of the Merrill credit team is making for the exits, according to market sources.
Two members of the team, including George Sun, who headed the cash CDO Collateralised Debt Obligations structuring side of the Merrill CDO business, and Sun Do Kim, an associate, are reportedly heading to Bear Stearns. One VP level executive of the structured credit team is reportedly staying at Merrill.
Four CDO specialists have reportedly left the Singapore office, while two Korean credit sales specialist left a few days ago. In total, up to 15 people...
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