Laurie Medvinsky, v.p. in credit sales, which includes credit derivatives, at Merrill Lynch in New York has joined Banc of America Securities in a similar position. Medvinsky could not be reached. Andrew Kresse, principal in structured credit products to whom Medvinsky will report, declined comment. Medvinsky worked with Kresse at Merrill Lynch, until Kresse left for BofA in 2000 (DW, 4/17/00).
At Merrill, Medvinsky reported to Doug Mallach and John Shaffer, co-heads of credit sales at Merrill. Mallach confirmed the departure and said Medvinsky will likely not be replaced.