Hints and tips:
...“Clients want somebody who can understand their collective needs,” argued Greg McGreevey, head of investments at Invesco, where alternatives AUM are approaching $200bn....
...In the cases of Mr Montag and Mr Kraus, the men’s bonuses were fixed at the time that they left Goldman Sachs last year to join Merrill....
...Greg Fleming, the head of investment banking at Merrill Lynch, is leaving scarcely a week after it was acquired by Bank of America....
...BofA made the disclosure as its confirmed that Merrill executives Greg Fleming, Tom Montag and Bob McCann would be taking new roles at BofA....
...In the spring of 2008, Merrill announced that Tom Montag and Peter Kraus would join from Goldman Sachs....
...According to someone familiar with the matter, Mr McCann had convinced Mr Thain that he should not have to report to Peter Kraus, one of Mr Thain’s top lieutenants, afer the deal....
...Peter Kraus, who joined Merrill from Goldman Sachs in September, left in December to become chief executive of Alliance Bernstein....
...Mr Fleming, Mr Montag, Mr McCann and Mr Kraus could not be reached. People close to the discussions cautioned that negotiations were continuing....
...The appointments, especially of Mr Kraus and Mr Montag, have raised questions about the role of Greg Fleming, who emerged as Merrill’s lone president and sole deputy to Mr Thain after the departure of Ahmass...
International Edition