Merrill Lynch names new CFO
Nelson Chai has been appointed as Merrill Lynch's chief financial officer.
He follows Merrill’s chief executive John Thain’s recent jump to the bank from the exchange in November. "Nelson was a key advisor to me and the board of directors at NYSE. I am very confident he will be a welcome and important contributor to our success at Merrill Lynch,” says Thain.
Chai succeeds Jeffrey Edwards, who had been the company's CFO since 2005. Edwards will assume a new operating role at Merrill Lynch, which the bank has not yet announced.
See also:
Merrill brings Thain to helm
O'Neal 'retires' as Merrill CEO after $8 billion writedown
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