Brent B. Erensel, a top analyst of Latin bank stocks, has left Warburg Dillon Read as part of a reorganization following last year's merger of Union Bank of Switzerland and Swiss Bank Corp.

Mr. Erensel, who was ranked the best Latin banking stock picker in 1998 by the monthly Latin Finance and No. 2 Latin bank analyst by Euromoney magazine, confirmed that he is no longer working at Warburg. He declined to comment further.

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