Nov
17
2007
| Greek-American appointed president of Merril Lynch |
| Γράφει ο/η Μπάμπης Παπαδάκης | |
| 17.11.07 | |
|
Merrill Lynch (NYSE:MER) named Greek-American NYSE head John Thain its new chairman and CEO. Thain's first day on the job is December 1st. Thain will be taking over for the departed Stanley O'Neal who left after announcing an $8 billion write down the company would be incurring.
Mr. Thain has a history of being one of the brightest minds in the investment banking industry. His roots come from Goldman Sachs Group (NYSE:GS) where he started at the bond desk and left as the president and COO. Since 2004 Thain has led the NYSE and he has certainly left an impression on the company as well as the marketplace. NYSE Euronext (NYSE:NYX) is in the process of becoming a global stock exchange, and Thain was at the head of this global turn for the NYSE. By taking the NYSE global Thain succeeded both in turning his company into a fast grower and changing the marketplace throughout the world.
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