merrills-cdo-specialists-head-for-the-exits

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 the structured credit team is reportedly staying at Merrill.

Four CDO specialists have reportedly left the Singapore office, while two Korean credit sales specialist left a few days ago. In total, up to 15 people...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222