The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Merrill Reorgs its Distribution Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, September 06, 2001

Merrill Reorgs its Distribution

Reported by Sean Hanna, Editor in Chief

Merrill Lynch Investment Managers has reorganized its distribution group for the US institutional market. As a part of the moves, the asset manager also tapped Dick Hoag from Gartmore Global Partners to head the group's large client area.

The reorganization divides MLIM's institutional distribution into three groups. It explained in a statement that "these teams will improve efficiency through better coordination of efforts and communication initiatives to management and throughout the organization." The arm manages $553 billion in assets.

Hoag, 43, reports to managing director James Kase. He will manage the Large Market Corporate/Endowments and Foundations business.

"We are committed to attracting and retaining the best talent in the business," said Mary Taylor, co-head of MLIM Americas. "The new structure of our U.S. institutional distribution group and the hiring of Mr. Hoag, underscore our commitment to clients by allowing us to better leverage our full range of institutional products and insightful investment solutions."

The three groups are:
  • Large Market Corporate/Endowments & Foundations and Public Funds will serve all MLIM Americas institutional clients with more than $1 billion;
  • Consultants, which will function as the relationship managers to consulting firms and their research departments; and
  • Channels, which will link clients to the benefits of the larger Merrill Lynch organization as well as take responsibility for clients with less than $1 billion.
The move comes on the heels of the decision by at least a pair of institutional clients to drop Merrill in to follow former employees to Causeway Capital Management

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use