Merrill To Transfer Hill To New York New Efforts To Enhance FX Presence

NON-BANKS

Merrill Lynch Capital Markets is set to transfer Leslie Hill to New York from its London office to manage its institutional desk in an effort to fine tune its New York foreign exchange operation.

She will report directly to Brian Lippey, managing director, Merrill Lynch Global Foreign Exchange Sales, who says that "the firm is in the process of enhancing and fortifying its presence in the foreign exchange market."

Lippey, who was hired just over one year ago to set up Merrill's global foreign