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Traders Magazine, March 1998

John A. Byrne

Steve Davenport, managing director and head of over-the-counter trading at Merrill Lynch & Co. in New York, transferred to Sydney to run the firm's Australian equity sales and trading operations. Davenport, who will also oversee equity trading in New Zealand, will continue to report to Bob McCann, managing director and head of global equities, as well as Greg Bundy and John Magowan, chief executives of Merrill Lynch Australia. Tom Wright will replace Davenport in New York. Wright will also continue in his previous duties as head of institutional OTC trading at Merrill.

Capital Institutional Services, a Dallas-based institutional brokerage firm, named R. Douglas Jones director of research and product marketing. Jones, previously a compliance analyst director at Fidelity Investments in Dallas, will oversee the firm's research marketing and public-relations functions.

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