Merrill Lynch nabs 23 derivatives marketers from JP Morgan

Merrill Lynch’s raid on JP Morgan Chase’s derivatives marketing unit has resulted in 23 derivatives marketers joining the US securities dealer. The move represents one of the largest derivatives team defections seen in Europe and appears to contradict JP Morgan’s official line that the spate of top derivatives talent leaving the bank during the past several months was part of "usual staff turnover" after bonuses.

Author: Hann Ho

Source: Risk magazine | 23 Jun 2005

Categories: People, Banking

Topics: Antonio Polverino, Stefan Guetter, Bank of America Merrill Lynch (BoA ML), JP Morgan Chase