Several of Polverino’s former colleagues at JP Morgan are expected to follow him to Merrill Lynch, one source told RiskNews. JP Morgan declined to comment on the moves.
Merrill's hiring of Polverino is part of a recent endeavour to bolster its distribution network by going on a managing director hiring spree. In March, for example, Alvise Munari quit Goldman Sachs to head Merrill Lynch’s equity-linked product marketing business, while Diego Parilla and two colleagues also left Goldman Sachs to set up the commodity solutions group at Merrill Lynch in London.
The week on Risk.net,October 14-20, 2016Receive this by email