Merrill bolsters derivatives business with major new hires

Hires signal big push in derivatives business at Merrill Lynch.

Merrill Lynch has rolled out a series of hires in its regional debt clients business, adding further substance to remarks made by Asia boss, Damian Chunilal on this website about the fast expansion of the firm. According to the US investment bankÆs Barry Dick and Joseph Gotuaco, co-heads of debt client group, Asia-Pacific, the new hires are part of an ongoing response to increases in Merrills regional cash and derivatives business.

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