Merrill appoints replacement for O'Neal

John Thain has been appointed chief executive officer of Merrill Lynch, replacing Stan O'Neal, who retired on October 30 after the bank announced a larger than expected $7.9 billion write-down of due to US subprime mortgage exposure.

Thain, who joined on December 1, was formerly at NYSE Euronext, where he was chief executive. Before that, he was president and chief operating officer at Goldman Sachs, having also been the chief financial officer at the bank.

O'Neal stepped down after the bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: