The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Merrill looks to cross-sell

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. Barnes explains: "We want to take a derivatives way of thinking and apply it across the board to different areas of the firm. The keyword is convergence."

A number of other investment banks, including JP Morgan Chase, ABN Amro and Credit Suisse First Boston, are trying to use credit derivatives business to make up for losses in profits from bond underwriting and trading.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree