Fund Delay Spurs Merrill RE Shake-Up

Freed, Dan
October 2006
Investment Dealers' Digest;10/9/2006, Vol. 72 Issue 38, p3
Trade Publication
The article reports the reasons why Tom Saylak leave as global head of Commercial Real Estate. According to sources of "Investment Dealer's Digest," Saylak came to Merrill Lynch due to the promise of real-estate fund that he would manage. Two factors brought Saylak to leave the firm including that the feeling of the banker the fund would not launch immediately and Jeff Kronthal, who hired Saylak, was pushed out earlier in a realignment of the investment banking group.


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