Hedge Funds

Tumulty leaves Bear Stearns for Merrill

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Michael Tumulty has left Bear Stearns after more than 20 years to join the prime brokerage team at Merrill Lynch as head of client services. He held the same position at Bear Stearns. In his new role, Tumulty will report to Howard Blechman, Merrill Lynch's head of global prime brokerage.