Merrill Lynch’s forex drive turns to research

PEOPLE NEWS

NEW YORK -- Merrill Lynch has named Yianos Kontopoulos as global head of FX strategy, a move a senior official told FX Week is part of the bank’s global drive to become a major forex player.

"This is a new position," Bob McCann, global head of securities research at Merrill in New York, told FX Week. "The firm has identified that FX is a business that offers opportunities for Merrill. It is one of our key initiatives.

"We have broad and deep relationships in our client channels, and whether they

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