Nelson Chai has been appointed as Merrill Lynch's chief financial officer.Chai was previously CFO at NYSE Euronext, and its predecessor company NYSE Group, which he joined in January 2006. Before this he was CFO of electronic exchange Archipelago from 2000 to 2005, before it merged with NYSE to form the NYSE Group.
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.
More on People
Banker who spearheaded BNP Paribas's RMB business moves to exchange
Job changes in the derivatives, regulation and risk industry throughout Asia
UK bank adds to commodities business with hires from Credit Suisse, Mercuria
Other commodities moves at Castleton, Natixis, TrailStone and VTB Capital
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.