Merrill Lynch has combined its alternative investments group and cash collateralized debt obligation group as well as vertically integrated its synthetic CDO business.
Bill Berry, managing director and head of the alternative investment group, has assumed responsibility for cash CDO origination, structuring and distribution. Adam Clayton, head of synthetic arbitrage CDO structuring, is now looking after origination, structuring and distribution of synthetic CDOs and will work closely with Neil Walker, head of credit derivatives trading, according to Dale Lattanzio, head of structured credit products.
The reshuffle was prompted by the previous head of CDOs, Vincent Dahinden's departure to RBS Capital Markets (DW, 2/8).
