Merrill Lynch has dropped the Mercury brand from its institutional asset management business and will rename it Merrill Lynch Investment Managers, effective June 30, the company said today.
The move was expected after senior management was restructured late last year to consolidate the investment process globally, Merrill Lynch said in a statement.
The Mercury brand will be retained in certain areas of the firm’s retail products business, said Charles Farquharson, head of Mercury Asset Management’s institutional client division, Europe, Middle East and Africa.
Merrill Lynch bought Mercury Asset Management in 1997.
