Merrill Lynch has hired five staffers as part of an on-going effort to expand its strategic solutions group. The new recruits will cover debt and equity markets as well as interest rates and complex foreign exchange products.
Merrill has already hired Ralf Ruso, an official at Citigroup, to focus on Eastern Europe, and Mateusz Walczac, an official at Bank BPH in Warsaw, will join next month, according to Stefan Guetter, co-head of the strategic solutions group in London. Ruso and Walczac will report to Kaan Basaran, managing director in the EMEA client group.
The firm has also hired to expand coverage of German financial institutions, noted Guetter. "We think this [market] represents an extraordinary opportunity and we're positioning ourselves accordingly," he commented. The new hires in this area are: Eugene Yurist and Christian Seyboth, who join as a director and as an associate, respectively, both from Deutsche Bank. Stefan Becker, previously an independent consultant, will also join as a director in German financial institution sales.
These hires follow a recent expansion on the equity side of the team (DW, 10/05).