Deborah Fuhr's proposed move to lead the Delta One equity derivatives business at Bank of America Merrill Lynch has fallen through due to "organisational changes" at the US bank, Financial News has learnt.

Fuhr, the former head of exchange-traded fund research at US asset manager BlackRock, had been lined up for the role at Bank of America Merrill Lynch but a spokesman for the bank said today that because of the changes it has decided not to create this role.