Merrill Lynch trims divisions in executive shakeup

Don Plaus will lead Merrill Lynch's elite Private Banking & Investment Group, which caters to wealthy clients. He'll also oversee the firm's international business, according to news site On Wall Street.

This content is reserved for our licensees.

Log In Register

BofA Merrill: 2017 shaping up as year of the active investor

“If investors choose asset classes, sectors and stocks carefully, they can meaningfully outperform the market," says BofA Merrill's Candace Browning. "2017 could be the year of the active investor.”

This content is reserved for our licensees.

Log In Register

Thiel to step aside at Merrill Lynch Wealth Management

Andy Sieg, current head of Merrill's Global Wealth and Retirement Solutions division, will succeed John Thiel as head of Merrill Lynch Wealth Management, effective January 1, 2017. Thiel will still serve as vice chairman of ML Global Wealth and Investment Management.

This content is reserved for our licensees.

Log In Register

Two more ex-Merrill advisors launch independent boutique firm

The principals of the newly launched Coral Gables-based Maximai Investment Partners were said to run client books worth a combined USD 550 million.

This content is reserved for our licensees.

Log In Register

Deutsche’s Latin America CEO to step aside as Grelle is promoted

Bernardo Parnes, chief executive officer of Latin America operations at Deutsche Bank AG, is planning to leave the firm, handing off oversight of the Brazil unit to Renato Grelle.

This content is reserved for our licensees.

Log In Register

Snowden Lane plucks two more Merrill advisors for budding NRC team

Snowden Lane Partners' non-resident-client business is staffed almost entirely by ex-Merrill Lynch personnel, as the latter firm has undergone a restructuring.

This content is reserved for our licensees.

Log In Register

Citibank wealth advisor joins Merrill’s UNHW strategic advisory group

Fabio Concesi joined Merrill's Lynch’s Strategic Wealth Advisory Group to help clients with USD 10 million or more with their estate planning and other wealth planning.

This content is reserved for our licensees.

Log In Register

Merrill Lynch installs ex-Fiduciary Trust CEO in Coral Gables office

Teresa Valdés-Fauli Weintraub left Fiduciary Trust International of the South, an investment-management and private-wealth firm owned by Franklin Templeton, to join Merrill Lynch as a managing director at its Coral Gables office.

This content is reserved for our licensees.

Log In Register

BofA Merrill: Weakening outlook for global economy amid China fears

“Investors are sending a clear message that they are positioned for lower growth in China and emerging markets,” said Michael Hartnett, chief investment strategist at BofA Merrill Lynch Global Research.

This content is reserved for our licensees.

Log In Register

Merrill sets USD 2.5 million as minimum for new Latin accounts

Investors residing in some countries - including Venezuela and Argentina - will need to have at least USD 5 million to open an account.

This content is reserved for our licensees.

Log In Register