Merrill's CDO specialists head for the exits

The post-bonus staff merry-go-round depletes Merrill Lynch's structured credit team.

Merrill LynchÆs Asian operations are facing big losses in structured credit personnel, say sources close to the bank.

Lured by rivals offering generous packages ,a number of the Merrill credit team is making for the exits, according to market sources.

Two members of the team, including George Sun, who headed the cash CDO Collateralised Debt Obligations structuring side of the Merrill CDO business, and Sun Do Kim, an associate, are reportedly heading to Bear Stearns. One VP level executive of...

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