NEW YORK, July 6 /PRNewswire/ -- Merrill Lynch & Co. today said it hired a
five-member team from Deutsche Asset Management (formerly Bankers Trust
Structured Investment Management) to form Merrill Lynch Quantitative Advisors.
This asset management unit will offer an array of products that utilize
quantitative techniques designed to provide consistent, superior investment
returns.
The team consists of Frank Salerno, Anthony Conroy, Phil Green, Sid Hoots
and Rick Vella. Heading the group will be Dean D'Onofrio, Managing Director
of Merrill Lynch Quantitative Advisors. While at their previous employer, the
team helped manage more than $200 billion in quantitative funds, several of
which received the highest ratings given by Morningstar, the fund ratings
agency.
"This is an exciting offering for all Merrill Lynch clients," said Jeffrey
M. Peek, Executive Vice President of Merrill Lynch and President of the Asset
Management Group. "The creation of Merrill Lynch Quantitative Advisors is the
latest step toward our goal of being the most client-focused of all the global
asset managers. The group firmly establishes Merrill Lynch as a leader in the
field of quantitative asset management, and complements the more than
$500 billion already managed by the AMG. With the strength of our global
distribution system, these products will be easily accessible to all clients
worldwide."
Mr. D'Onofrio added, "Our team will use state-of-the-art technology to
create products designed to generate consistent results with the potential for
significant 'value-added.' These products play an important role in the
investment strategies of many of the world's largest investors. Adding these
capabilities to the existing array of Merrill Lynch products affords all our
clients those same opportunities."
Prior to the team's arrival, the Asset Management Group managed more than
$6 billion in quantitative and structured equity assets.
Merrill Lynch's Asset Management Group is one of the largest asset
managers in the world. The AMG provides a comprehensive range of mutual
funds, as well as institutional asset management and private-portfolio
services to individuals, corporations, governments and institutions worldwide.
Overall, the Asset Management Group had nearly $515 billion under management
at the end of the first quarter.
SOURCE Merrill Lynch & Co.
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CONTACT:
Christine Walton of Merrill Lynch,
212-449-8548 or christine_walton@ml.com
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