Ex BlackRock ETF guru Fuhr not joining BoAML as role axed

Former BlackRock ETF expert Deborah Fuhr will not be joining Bank of America Merrill Lynch, as the role of head of global delta one strategy has been axed.

Fuhr, who was previously global head of ETF research and implementation strategy at BlackRock, was set to join BoAML in the third quarter of last year.

A spokesperson for BoAML said: 'Due to organisational changes the role of head of global delta one strategy will no longer exist at Bank of America Merrill Lynch.

'As such it has been mutually agreed that Deborah Fuhr will not join the bank. We wish her every success in her endeavours.'

Fuhr left BlackRock in July, and her departure was followed by that of her deputy, Shane Kelly, who has joined BoAML.

In her new role, she was due to report to Piers Butler, who is head of the EMEA global equity, macro and events group.

Rather than heading up ETF research, as Fuhr did in her previous roles, she was set to work on other aspects of ETF development and trading, as well as other delta one products.

Both Fuhr and Kelly worked at BlackRock since it acquired Barclays Global Investors in 2009. The duo joined BGI in 2008, having previously worked at Morgan Stanley.