Another broker quits Merrill.

Financial News, April, 2004

Merrill Lynch, which lost six corporate brokers in London last week, lost another one Thursday and began to repair the damage by hiring a broker from UBS.Merrill has lost John Dwyer, ranked director, to Goldman Sachs as it looks to strengthen its corporate broking business.

Last week it emerged that Merrill had lost its co-head of corporate broking, Paul Baker, to Morgan Stanley. He has been poached with four colleagues: Peter Moorhouse, who like Mr Baker, was ranked managing director; directors Tim Pratelli and Mark Brooker; and vice-president Jon Bathard-Smith. Merrill also lost another director in corporate broking, Josh Critchley, to Goldman.