will fund the acquisition with available cash.
Bloch commented, "I believe Merus has established a strong foundation across Europe which sets the path for sustainable growth and value creation.
I know I speak for the Merus team and Board of Directors in wishing Ulrich success with his future endeavors," said Barry Fishman, Chief Executive Officer.
With the Merus European infrastructure solidly in place and the recent addition of a Head of Supply Chain for Europe, the commercial role will be re-focused on pipeline expansion and commercial optimization.
In 1990 he came to The Bank of California as MERUS Managing Director from an equivalent position at Northern Investment Management Co.
The combination of his 25 years of experience with Northern Trust and his responsibilities at the bank at MERUS as chief operating officer caused us to identify him some time ago as a logical successor for the chief investment officer position.
As managing director and chief operating officer of MERUS," states Mazur, "my responsibilities have included managing our regional sales operations, trading, operations, budgeting, compliance and investment counseling.
Within MERUS, the Income Equity strategy continues as the flagship institutional product.
20 /PRNewswire/ -- Merus Capital Management has been chosen as an income-equity portfolio manager for a new asset management program developed by the Pershing Division of Donaldson, Lufkin & Jenrette Securities Corp.
Diamantis said that Merus Capital Management was named one of only two income equity managers for the program as the result of its successful Income Equity strategy which has produced outstanding results over the 10 year period ending September 1991.
Harold "Tim" Warner, president and chief investment officer of Merus Capital Management said that the success of Income Equity is based on the strategy's focus on the most fundamental indicator of a stock's value: The company's ability to consistently pay a dividend.