Gregory J. Fleming, the former president and chief operating officer of Merrill Lynch & Co., was appointed Senior Research Scholar at Yale Law School yesterday. In his new position he will teach, write, and conduct research related to the current global financial crisis.
Fleming is the latest in a string of high-profile Merrill executives to depart in the aftermath of its acquisition by Bank of America on January 1. Brokerage chief Robert McCann resigned on Monday, co-head of European markets Brent Clapacs announced his retirement yesterday and chief Asia strategist Mark Matthews leaves the company today.
Yale Law School Dean Harold Hongju Koh said in a statement, "We are delighted to welcome Greg Fleming back to Yale Law School. In the past two decades, Greg has led an extraordinary career in global financial services and has justly earned his reputation as a clear-eyed and foresighted manager operating in the eye of the current global financial storm. From his unique vantage point, he will bring enormous insight to our students, faculty, and graduates as we try to retrace how we got to where we are, and where we should go from here."
Fleming was appointed president and chief operating officer of Merrill Lynch in June of 2007. From 2003 to 2007, he served as executive vice president and co-president of the Global Markets and Investment Banking Group. He joined Merrill Lynch as an investment banker in 1992. Previously, he was a principal at Booz Allen Hamilton.