Merrill’s Kim quits to form multistrategy firm


Dow Kim, executive vice president and co-president of Merrill Lynch’s global markets and investment banking division, plans to leave the firm by year-end to establish a new multistrategy, private investment firm. Merrill Lynch said it expects to be an initial client of the new firm.

Both Kim and Merrill Lynch declined to provide further specifics on his new venture.

“For some time now, Dow has expressed a desire to found his own business and put his investment and quantitative skills to work to realize his personal vision in the markets,” said Stan O’Neal, Merrill Lynch chairman and chief executive