Merrill Lynch has appointed Alex Patelis as head of global foreign exchange and local currency research strategy.
He replaces Yianos Kontopoulos who has decided to retire as a sell-side analyst to pursue entrepreneurial opportunities outside the firm, Merrill says. Kontopoulos will remain with Merrill Lynch through a transition period to October.
Patelis, based in London, will work closely with the global economics team to formulate the long-term outlook for major world currencies. He will also work with the fixed income research department and macro strategists in providing services for Merrill’s clients.
Previously Patelis was head of G-10 foreign exchange strategy at Merrill. Prior to joining the bank in 2002, he worked as a strategist at Citigroup Asset Management in London. He has also worked at Goldman Sachs in New York and served as an adviser to the governor of the National Bank of Greece.