Bridget Macaskill has reportedly landed a new assignment.

Merrill Lynch has hired the former OppenheimerFunds CEO as an independent consultant, according to an industry source. Her role is to lend a hand in Merrill's search for third-party research that it is required to buy as a part of its recent settlement with the SEC.

Macaskill was the CEO of OppenheimerFunds until July of 2001 when she resigned unexpectedly and the firm named John Murphy to replace her. Murphy had been running the retirement business of MassMutual, the parent company to the fund firm.  

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