A pair of high-ranking banker brothers have hit Bank of
America Merrill Lynch hard, by leaving and taking a team of trusted staff with
them to foreign rivals UBS and VTB Capital,The Ny Post writes.
Italian-born Andrea and Riccardo Orcel -- who have joined
the Swiss and Russian institutions, respectively -- raided the US bank upon
their departures, the Financial Times reported.
Andrea Orcel, who has taken the post of co-head of
investment banking at UBS and will commence work this summer, hand-picked
Spanish and Italian staff to join him, as his brother was also removing talent
to join him at VTB Capital…
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