Comings & Goings News
NEW YORK (HedgeWorld.com)–Michael Tumulty, a former Bear Stearns managing director, joined Merrill Lynch to head client services for global prime brokerage in the Americas.
He was named a director and will report to Howard Blechman, head of global prime brokerage at Merrill Lynch. At Bear Stearns he was responsible for prime brokerage client services. Before joining Bear Stearns in 1986, he was a client service manager at Pershing.
Mr. Tumulty will work “to shape a new client service model and lead our effort to provide a global integrated approach for delivering our prime brokerage products and services to clients,” Mr. Blechman said in a statement. “Quality service will allow us to differentiate ourselves from the competition in the global prime brokerage marketplace,” he added.
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