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Thursday, August 20, 2026The Morning Brief →Sign in
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Merrill Lynch Global Corporate and Institutional Advisory Services team

In PWD coverage since August 16, 2026 · 1 story
-2Talent net · 12 months0 in · 2 out
Talent flow · 12 monthsOn the wire →
Net -2 · 0 arrivals · 2 departures
Arrivals
None tracked.
Departures
Rahul Shah
Aug 19 · destination pending
Global Corporate and Institutional Advisory Services (GCIAS) team
Aug 14 · to OpenArc
PWD coverage
Moves

Merrill's $129 billion institutional team breaks away to OpenArc

The GCIAS book is nearly 37 times the size of the period's next-largest breakaway, and every wirehouse institutional desk has noticed.
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