Merrill Lynch Investment Managers’ approach to the US institutional market can best be described as nascent. Until two months ago, there wasn’t even anyone charged with the responsibility for overseeing, developing or even simply describing Merrill’s US institutional business.
In March MLIM president Jeff Peek put Frank Salerno in charge. He’s been at Merrill since mid-1999, when he brought over a big chunk of Bankers Trust’s successful quantitative analysis team.
The message can still sound a bit disjointed.
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