As part of its effort to wind down much of its entire structured products portfolio, Merrill Lynch is shedding more of its staff in that area.

Sources said that Michael Blum, who was the global head of Merrill's ABS business, has left the bank. Exact details of his departure are not available at this point.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.