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Merrill Brings Rates and FX Together

Merrill Lynch recently amalgamated its global FX and global rates departments under co-heads Michael deSa and Barry Wittlin, each previously head of the respective divisions. According to a spokesperson for the bank, the move is intended to capture the synergies that exist between the two groups. Day to day responsibilities for deSa and Wittlin remain the same, but the move is intended to ensure that the groups work more closely together on a strategic level, the spokesperson adds.

The combined group covers interest rate derivatives, foreign exchange, complex FX options, commodities, US governments, municipals, tax-advantaged products, pass-through and CMO trading, sovereigns, agencies and debt financial futures and options.

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