Merrill Lynch Sets Up Global Risk Service
Merrill Lynch is preparing to launch a "global advisory group" to advise pension funds, insurers and other institutional managers on risk management, asset allocation and regulatory issues.
The bank's decision to set up a risk management consultancy division follows a similar initiative announced by JP Morgan last month (RMO, December 4).
Officials at Merrill did not return calls seeking comment on the new initiative by RMO's press time. However, a bank spokesperson says members of the group are
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