Merrill has expanded its dedicated FIG platform across capital markets coverage, product development, ratings advisory, syndicate and equity linked/equity derivatives. At the same time, its core coverage team has been consistent since inception in 1996.
The more specialised and segmented structure of Merrill Lynch’s FIG in the Americas was also in tune with the times. According to Andrea Orcel, head of global FIG and co-head of global markets and investment banking for EMEA: “The US FIG has been established for a longer period than the one in Europe. The US operation is also much more specialised than that in Europe. You need the depository, the insurance, the financial technology, speciality finance expertise and the asset management franchises to all work together in the US.
