Merrill's TRIM partners with broker-dealer

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GLOBAL - Merrill Lynch Investment Managers has rolled its transition management business, TRIM, into a newly formed entity in a joint venture with Merrill Lynch Global Markets & Investment Banking (GMI), the group's broker-dealer.

Michael Marks, managing director of TRIM and Charlie Shaffer, who joined Merrill Lynch GMI in New York earlier this year from Deutsche Bank, will be co-heads of the new business unit. Although t...

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