| Glenn Barnes | ||||||
Merrill Lynch is reshuffling its European investment banking division to create a new structured credit unit.
Formed by merging the credit derivatives and securitization divisions, Merrill aims to put credit derivatives at the heart of its debt strategy. Glenn Barnes, who joined from the credit derivatives team at Dresdner Kleinwort Benson last July, will head the origination side of the new unit. Dale Lattanzio is promoted to head of trading.
Mike Clancy, who also joined last year from Dresdner, becomes head of European credit markets.
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