Mann returns to Merrills

The investment bank has re-recruited its former head of global high yield capital.

Merrill Lynch has announced that Jack Mann, currently managing director at Carlyle Group’s collateralised debt obligation operation, has been appointed global head of leveraged finance origination.

In his role, Mann will oversee all aspects of loan and high yield bond origination at Merrill Lynch, and will work closely with the relationship management and corporate finance groups within the investment banking area.

The appointment is part of a restructuring programme at Merrill’s leveraged division as it seeks to enhance its corporate client services. Jeff Chandler will work alongside Mann, as head of leveraged finance trading and risk.

The appointment represents Mann’s second spell at Merrill Lynch. He spent twelve years at the company between 1986 and 1998, where he was head of global high yield capital markets prior to joining Carlyle.

Meanwhile the bank has yet to announce a successor to Matthew Collins, the former UK co-head of global leveraged finance, who left Merrill’s earlier this year to team up with with former Morgan Grenfell Private Equity chief executive Graham Hutton. Their new firm, Hutton Collins, has plans to raise a $500m mezzanine and speciality finance fund to invest in European leveraged buyouts.