Global heads at Merrill over the last decade
The revolving door has spun once again at Merrill Lynch. Harry Culham, who started as the bank’s global head of foreign exchange little more than a year ago, has suddenly left the bank. Sources say that although Culham and his team had posted record results in 2007, he was seen as being too expensive. Merrill has stated that it wishes to flatten out its management structure, which is likely to have played an important part in Culham’s exit.
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