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HomeLife InsuranceMerrill Names New Head of Non-public Wealth Administration

Merrill Names New Head of Non-public Wealth Administration

What You Have to Know

  • The announcement in March that Andy Sieg can be departing as Andy Sieg, head of Merrill Wealth Administration has set off a cascade of management adjustments.
  • Lindsay Hans and Eric Schimpf shall be changing Sieg as co-heads of Merrill Wealth Administration.
  • Greg McGauley to function head of Merrill Non-public Wealth Administration, Worldwide and Institutional.

Merrill Lynch has appointed Greg McGauley to function head of Merrill Non-public Wealth Administration, Worldwide and Institutional, mother or father firm Financial institution of America mentioned late Friday.

The information, which additionally included different senior administration adjustments, comes after the agency introduced in February that Lindsay Hans would succeed Don Plaus as head of Non-public Wealth Administration, Worldwide and Institutional, following Plaus’s resolution to retire after 32 years with the agency.

Nonetheless, when the corporate introduced in March that Andy Sieg, head of Financial institution of America Merrill Wealth Administration since 2017, had left the agency and was set to hitch Citigroup in six months, Financial institution of America mentioned Hans and Eric Schimpf can be changing Sieg as co-heads of Merrill Wealth Administration.

McGauley has been the chief of the Northeast Area of Merrill Non-public Wealth Administration since 2009.

He joined Merrill in 1994 as a monetary advisor in Hyannis, Massachusetts. His management roles at Merrill since then included main Non-public Wealth Companies and serving as director of the Rockefeller Middle Market and SD Market.

McGauley will “transition over the approaching weeks,” the corporate mentioned Friday, as Plaus additionally transitions into retirement.

Commenting on the most recent Merrill appointments, Hans and Schimpf mentioned in a joint assertion supplied to ThinkAdvisor, “With the appointments of those leaders, Merrill stays well-positioned to drive accountable development and ship for our shoppers, advisors, and companions. Their experiences and success — in subject management, serving shoppers, and main our development and advisor coaching packages — add great information and beneficial views to our management staff.”

Different Administration Adjustments

Brian Ludwick, who has served as Houston market government since January 2021. was named Pacific Coast Division government. He joined Merrill as a monetary advisor within the Crystal River, Florida, affiliate workplace. In 2003, he began his management profession as a resident director and, since then, has held a number of management positions, together with market government positions in Louisville and Western Pennsylvania.

Lydia DiClemente was appointed head of Merrill Banking Enablement and Merrill Monetary Resolution Advisors. Together with driving development by way of the agency’s MFSAs, she may even “lead work to boost how we ship our banking capabilities to Merrill shoppers in partnership” with April Schneider, head of Wealth Administration Banking and Lending, the agency mentioned.



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