(April 7 – 19:00 ET) – David Rosenberg will join Merrill Lynch Canada as chief economist and strategist, effective May 1, 2000. Rosenberg was senior economist for the past seven years at Nesbitt Burns, and prior to that at Bank of Nova Scotia. He began his career as an economist with the Bank of Canada in 1983.
Rosenberg has excelled at both the fixed income and equity sides of the business, says Merrill. He ranked third in the 1999 Brendan Wood survey of fixed income investors, tied for first in research quality. He was also the highest ranked non-chief economist in the Brendan Wood survey of equity investors for each of the past three years.
At Merrill Lynch, Rosenberg will serve multiple roles. As chief Canadian economist, he will provide insights and analysis to equity, fixed income and foreign exchange investors. As chief strategist, he will be responsible for setting Merrill’s asset mix, and coordinating macro views on the market outlook, Toronto Stock Exchange earnings and multiples, and appropriate sector weights.
Rosenberg will contribute to Merrill’s global economics and strategy teams and serve as the conduit through which the international research gets interpreted for the Canadian market. He will work with chief economist Bruce Steinberg and Merrill’s 35-economist global team. Rosenberg will also coordinate with chief global investment Strategist David Bowers and his 24-person strategy team.
Rosenberg will be ably assisted by two other members of the team:
-Senior economist and strategist Robert Spector, CFA. Spector spent the past two years as a financial economist at Nesbitt Burns following five years at the Bank Credit Analyst, later as Associate Editor
-Economist and analyst Scott Kinnear has four years of financial industry experience at Nesbitt Burns, ScotiaBank and DRI.
-IE Staff