Merrill-Thomson Project Still Kicking
FRONT PAGE: ORGANIZATION & STRATEGY
Merrill Lynch and Thomson Financial say their much-publicized wealth management platform deal is still alive, despite delays that were first reported in Inside Market Data last Tuesday, Jan. 13 via e-mail alert. However, because of those delays, Thomson has not received any significant payments from the project after a year of work.
Meanwhile, Byron Vielehr, co-chief technology officer (CTO) of Merrill’s global private client group and the deal’s champion, left the firm within the last month, a
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