Merrill Lynch Capital, the US commercial finance subsidiary of Merrill Lynch, has hired Richard Remiker as managing director of its equipment finance group, which arranges structured finance and leasing deals for non-investment grade companies in the US.

The Chicago-based equipment finance group, which works on finance and leasing deals worth between $10m (€9.2m) and $75m, is one of the four main businesses of Merrill Lynch Capital along with corporate finance, healthcare finance and real estate finance.