Latin America: Boom times for investment banks
EXACTLY A YEAR ago, Merrill Lynch CEO Stan O’Neal asked Jim Quigley to take charge of the bank’s Latin American business. It was both a statement of intent and a recognition that things needed to be shaken up in its Latin American franchise. Quigley is a Merrill Lynch stalwart who has spent his entire career at the bank and is one of its senior executives.
He set about overhauling a global markets and investment banking business that was relatively successful in the region but limited in its scope.
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