Credit Suisse ( CS) has reportedly poached a leading investment banking adviser from Merrill Lynch, the latest defection amid the firm's integration with new owner Bank of America ( BAC).

Mark Echlin, who led a group overseeing deals for industrial clients in Europe, Middle East and Africa, has left to oversee a broader group at Credit Suisse, according to Reuters, which cited an internal memo. At the Zurich, Switzerland-based competitor, Echlin will oversee capital goods, aerospace and defense, business services, metals and mining, paper and packaging, transport and logistics, and building products and materials.

Echlin joined Merrill in 2007 after a stint at Morgan Stanley ( MS). His departure comes shortly after that of Mark Aedy, who had recently been named a regional head of investment banking at Merrill, according to Reuters.

There has been tension and widespread reports that Merrill brokers are leaving the newly combined BofA-Merrill entity as it faces tough scrutiny from regulators and other issues integrating the cultures of the two vastly different firms.

If you liked this article you might like

Credit Suisse Bankers Got Secretaries to Do Their Compliance Training

Credit Suisse Bankers Got Secretaries to Do Their Compliance Training

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Chipotle's New CEO and Everything You Need to Know Before You Trade Wednesday

Chipotle's New CEO and Everything You Need to Know Before You Trade Wednesday

Credit Suisse Terminates VelocityShares ETN as VIX Spikes to 2009 High

Credit Suisse Terminates VelocityShares ETN as VIX Spikes to 2009 High

Wall Street Futures Lurch Lower, Europe Deeply in the Red as Volatility Spikes

Wall Street Futures Lurch Lower, Europe Deeply in the Red as Volatility Spikes