Two more senior executives have quit Merrill Lynch Investment Managers (MLIM).
Global head of marketing Colin Clark and senior portfolio manager for fixed-income Nick Ritchie have both left MLIM following other recent departures from the firm.
Both Clark and Ritchie are former Mercury Asset Management employees.
Ritchie, who worked at MLIM for 15 years, is said to be taking early retirement to look after family concerns. His responsibilities will be absorbed by the near 60-strong fixed-income team.
Clark, who had been with the firm for about 20 years, entered as a graduate at Mercury in 1980 and is said to be looking for another post. MLIM denied claims that his position had been watered down over the years and distributed amongst regional marketing heads.
The moves follow the recent retirements of MLIM co-heads Carol Galley and Stephen Zimmerman. Both will be leaving the firm later this year.
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