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Sunday, November 22, 
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Entries tagged "Alberto Cribiore"

Defections and hires: Merrill Lynch fights brain drain

Merrill Lynch & Co., coaxed into a overnight acquisition by Bank of America Corp. for $50 billion in stock, has been both losing and hiring top bankers. While Alberto Cribiore may have been the biggest name to depart, The Deal has learned about 41 bankers who used the door at Merrill just in the past month. As you'll see from the company's poaching, it's anyone's game....


Cribiore, done with Merrill and Brera, heads to Citigroup

After Merrill Lynch & Co. ousted Stan O'Neal as chairman and CEO last year, the firm hired Alberto Cribiore as interim nonexecutive chairman. He led a search committee to replace O'Neal and found NYSE Euronext Group CEO John Thain. After what he sees as "positive strides in the past nine months" by Thain, Cribiore resigned as a member of the board and lead director of Merrill. On Sept. 8, he'll join Citigroup Inc.'s institutional clients group as a vice chairman, reporting to CEO of the group, John Havens. Cribiore (pictured) will also work closely with investment banking co-heads Raymond McGuire...



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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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