Two Vendors, Two Focuses

THE INSIDE TRACK

Lou Eccleston, head of Thomson Financial’s new Global Banking and Brokerage unit, filled us in last week on the new unit, which was formed by the combination of the Sales & Trading and Investment Banking operations (IMD, Jan. 13).

First, Eccleston says the new 3,000-person unit is not another reorganization: "99.9 percent of the people still report to the same executives they had reported to before the combination."

With the departure of Mark Lerch, who had been president of Investment Bankin

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