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Baugur signs star banker as retail number two

Icelandic investment house Baugur has hired a former Merrill Lynch banker to bolster its retail team. Jeff Blue joins as deputy managing director of retail investments with a remit to streamline Baugur's back-office operations across its brands. Blue is on gardening leave from his role of director in the investment banking team at Merrill Lynch. He will report to Baugur managing director of retail Gunnar Sigurdsson.