Merrill rebuilds local markets trading team

The new team, which focuses on FX, interest rates, derivatives and structuring, largely for eastern European markets, complements an existing emerging markets team of 39 in the centre, which includes three traders covering FX for all emerging markets, said Juan Del Azar, global head of emerging markets in London.

The local markets team covers Turkey, Poland and central Europe, the Commonwealth of Independent States (CIS), including Russia, and South Africa -- markets selected due to client ac