Merrill Lynch Investment Managers (MLIM) has hired Mark Elliott from Lazard for its financial institutions group, where he will be working on the UK sales development team with institutional clients, banks, life companies and financial intermediaries. At Lazard, Elliott spent more than four years as one of the sales managers in the asset management division. Lazard said it is in the process of finding a replacement for Elliott. In his new job Elliott will report to David Curtis, head of the financial institutions group.

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