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
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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
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%