US - Jeffrey Peek, president of Merrill Lynch Investment Managers (MLIM), is to leave the firm.
He will be succeeded by Robert Doll, who also joins the firm’s executive management committee.
Peek joined Merrill Lynch in 1983 as a managing director in the investment banking division. In a succession of assignments, he led investment banking activities in industry sectors that included financial services telecommunications, media and technology, utilities and energy.
Peek was named co-head of global investment banking in 1997 and previously served as director of global securities research and economics division. In November 1997, he became president of MLIM.
Under a new management structure, Doll will report to Michael Marks, who will become chairman of MLIM while retaining his responsibilities as the London-based executive chairman of the company’s Europe, Middle East and Africa (MLEMEA) region.
Commenting on Doll’s appointment, David Komansky, chairman and chief executive officer, and Stan O’Neal, president and chief operating officer, said: “Bob Doll is widely respected within the global investment management community.
“As chief investment officer for our asset management business, he has been instrumental in strengthening the investment performance of Merrill Lynch products across the board.”
Doll joined Merrill Lynch in June 1999 as chief investment officer for equities for MLIM Americas. He was named co-head of MLIM Americas in November 1999 and global CIO earlier this year. In addition to his new role as president of MLIM, he will continue to serve as global CIO.
Prior to joining Merrill Lynch, Doll was CIO of OppenheimerFunds. He was also a member of that firm’s executive committee.
Michael Marks was named as executive chairman of MLEMEA in 1998 after serving as the region’s chief operating officer from March 1997. He joined Merrill Lynch in October 1995 as co-head of the global equities group, following the firm’s acquisition of Smith New Court, where he served as chairman.
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