Merrill Lynch has laid off two high-yield analysts, and reassigned a third. Mike Plancey, a v.p. who covered the paper and forest products sectors confirms that he has been let go. He says he is looking at opportunities on the buy-side. He was at Merrill for five and a half years. Eric Matejevich, a gaming analyst and v.p., declined comment, but a high-yield official formerly at Merrill confirms he was laid off and says Matejevich is also looking for opportunities on the buy-side. The official says Jonathan Savas, a director and wireline telecom analyst, has moved to an unspecified position within another department at Merrill. Savas did not return calls. Clare Schiedermayer, head of high-yield research, did not return calls.
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|Rank||Lead Manager/Arranger||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Wells Fargo Securities||11,897.40||33||11.83%|
|2||Bank of America Merrill Lynch||9,837.56||29||9.78%|