Steven Phan, managing director and head of fund-linked trading and structuring at Merrill Lynch in London, has left the firm. Phan could not be reached and it could not be immediately determined if he has surfaced elsewhere in the market. Chris Vogelgesang, head of equity-linked trading in London, declined comment.
The U.S. house is not looking to replace Phan, but instead is expected to reorganize its equity derivatives trading group. It is likely his three business areas of fund-linked, global sectors and stock baskets will be covered internally by reassigning trading responsibilities, according to firm officials. Patrick Meyer, spokesman for Merrill in London, declined comment.
