Tim Collins, managing director, marketing equity derivatives to hedge funds at Bear Stearns, has taken the new position of director, equity derivatives marketing, focusing on tax and risk arb products for hedge funds at Merrill Lynch in New York. At Merrill, he reports to Brian Abdoo, managing director and head of over-the-counter equity derivatives marketing in New York. Abdoo referred calls to a spokeswoman, who declined comment. Collins also declined comment.
Collins moved because Merrill has a broader array of hedge fund clients and sees more flow business, according to market officials. After five years at Bear Stearns, Collins was ready to move on, they added. Collins reported to Don Martocchio, senior managing director and global head of equity derivatives sales at Bear Stearns in New York.
