Merrill Lynch COO Kirstin Hill to Retire
Jeff Busconi, who has a leadership role at Bank of America’s private bank, will take over Hill’s duties in a newly created position.
Source: barrons.com
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Citigroup's Global Wealth Strategy Is Off to a Slow Start, but There Are Signs of Life
Global wealth management is a big part of Citigroup's strategy refresh.
Source: fool.com
InvestCloud names interim CEO as founder John Wise exits
After 13 years at the helm, Wise's exit has sparked a search for the fintech provider's next full-time CEO.
Source: financial-planning.com
Merrill revenue falls, headcount flat as parent BofA's profits surge
Although the bank's wealth businesses logged strong organic growth for the quarter, revenue fell and hiring languished after two strong quarters of headcount gains under then-president Andy Sieg's leadership.
Source: financial-planning.com
Morgan Stanley Wealth Buoys Bank's Q1 Results
Morgan Stanley Wealth boasted $110 billion in net new assets in Q1, while Bank of America Merrill Lynch said it hit a record high of net new relationships.
Source: wealthmanagement.com