Merrill Lynch FX trio reunited at CIBC

Exshaw rejoins former colleagues Harry Culham and Tim Carrington at the Canadian dealer, with whom he worked at Dresdner Kleinwort before jumping ship to Merrill Lynch (FX Week, September 18, 2006). The trio had all left the US investment bank in the past 12 months amid wider job cuts following credit market-related losses (FX Week, October 1, 2007, February 11 and April 23).

"Harry is rebuilding Merrill Lynch at CIBC," said a market source. "Christian is a very good chief operating officer, Tim

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