Merrill Lynch departures continue

The bank has lost another four members of its FX sales team in London over the last month. Andrew Brock, UK corporate sales, Peter Larsson, Scandinavian FX sales, Robert Brownlees, hedge fund sales, and Simon Birch, head of emerging market FX, have all left the bank. This exodus and earlier senior departures have been driven by the decision to merge the FX and rates desks, according to a bank source.

Discontent

The source said the departures were triggered by discontent caused by the decision

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