The Deal
Saturday, November 7, 
9:48 pm

Merrill Lynch taps Citi alum

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Merrill Lynch Bull at Bowling Green in lower ManhattanJohn Thain continues to build his management team at Merrill Lynch & Co., and the latest hires is a new chief information officer.

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Technology banker Chris Augustin joined Merrill Lynch in that position. He reports to Thomas Sanzone, who was named executive vice president and chief administrative officer after leaving Credit Suisse Group earlier this year. Augustin was CIO and global head of capital markets and banking technology at Citigroup Inc. Sanzone also worked in Citigroup's corporate and investment bank.

Also from Citigroup, Pradeep Pai joined Merrill as a managing director and chief technology officer for investment banking and research. He was a director of fixed-income technology for Citi's markets and banking division.

Meanwhile, Merrill Lynch media banker Michael Costa reportedly left the firm, according to The Wall Street Journal's Deal Journal blog, which cited unnamed sources. There was no indication as to why he was leaving or where he was going, but it did note that he has various offers. - Baz Hiralal

For more Movers & shakers see The Deal newsweekly's dealmaker section





Comments

From: Bob McMahon,

Chris Augustin is the new Chief "Information" Officer at Merrill; not the Chief "Investment" Officer.


From: Baz,

Bob, thank you.


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