23/11/2011 Author: Tony Griffiths

Redundancies hit Bank of America Merrill Lynch

Several redundancies were made at Bank of America Merrill Lynch’s prime brokerage division last week,  HFMWeek.com confirmed on Thursday, as the bank looks to streamline its PB operations as part of a general business review.   

Among those let go was Dom Addeo, director, Americas Head of Prime Brokerage Client Integration, sources with knowledge of the matter who preferred to remain anonymous told HFMWeek. Others to go in prime brokerage included: directors Andrew Neese, Paul Morelli, Bob McDonough and Steve Doran; Tony Rosasco, vice president; and Paul Bacanovic.  

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