UK - Merrill Lynch Investment Managers (MLIM) has poached Abbey National's Louise Parker for its credit research team.
Parker will focus on the telecom and technology sectors, and will report to Bernard Hunter, MLIM’s head of credit research, and will be working closely with head of high yield research Bill Healey.
Prior to MLIM she spent just over three years working with Abbey’s global high yield team, and has around 12 years’ experience working across credit-, high yield and high grade markets.
On a separate note, Merrill recently announced that it had reduced its workforce its by 9000 globally. According to the firm, the measures are expected to save up to $1.4bn per annum. Merrill said that it could not segregate the job cuts by either division or country.
By Madhu Kalia
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