Equity Traders Leave Merrill's Prop Desk

Two equity derivatives traders in Merrill Lynch's proprietary trading group in New York have left the desk.

  • 01 Feb 2004
Email a colleague
Request a PDF

Two equity derivatives traders in Merrill Lynch's proprietary trading group in New York have left the desk. Jason Harkavy and Omar Brown, both managing directors trading volatility arbitrage and convertible arbitrage, respectively, have moved out of the firm's strategic risk group, said an official. It could not be determined whether they have left the firm or are assuming new roles in the organization. Neither Harkavy nor Brown could be reached and Michael DuVally, spokesman in New York, declined comment.

While the traders are not yet thought to have been replaced, their departure from the group, which comprises both debt and equity proprietary trading, does not necessarily indicate a reduced effort in the overall group, according to an official. It could just be a shift in trading strategies, he explained. Last year Merrill shook up the group by ceasing to trade statistical arbitrage and scaling down its volatility and convertible arbitrage presence (DW, 1/13/03). It later hired Alan Galishoff, head of CMO trading and origination at JPMorgan, for a new position as a proprietary mortgage arbitrageur (1/29/03). The recent changes may represent a shift toward other trading strategies, the official speculated.

  • 01 Feb 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%