pratt-and-malhotra-leave-merrill-lynch

Pratt and Malhotra leave Merrill Lynch

Asia DCM head Jon Pratt becomes the latest victim of Bank of America's takeover of Merrill, while Rahul Malhotra resigns from his high-profile job within the private bank.
The high-profile departures from Merrill Lynch in Asia continue, with sources saying yesterday that Jon Pratt, head of debt capital markets for Asia excluding Japan and Australia, and Rahul Malhotra, who was overseeing all of MerrillÆs private bankers in the region, have both left the firm.

But while Pratt is yet another victim of the downsizing efforts underway following Bank of AmericaÆs takeover of Merrill Lynch, sources say Malhotra resigned on his own account last week. He is currently on gardening leave and one source says he has a new job lined up.

Malhotra, who was a managing director, had been with Citi for more than 20 years when he joined Merrill in September 2006....
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