Merrill Private Wealth Management said Monday afternoon that it has tapped Lindsay Hans to succeed Don Plaus as head of Private Wealth Management, International and Institutional. For the last six years, Hans has led Merrill's Northeast and Mid Atlantic Divisions.
Plaus announced his retirement this month after 32 years with the company.
Meanwhile, Keith Glenfield will become Merrill’s Northeast Division executive, succeeding Hans. Glenfield previously was head of Investment Solutions & Personal Retirement. And Nancy Fahmy will expand her leadership responsibilities and become the sole head of the Investment Solutions group.
"We have a deep bench of industry-leading talent with diverse perspectives," Andy Sieg, president of Merrill Wealth Management, said in a statement. "Lindsay, Keith and Nancy are top-performing leaders who will continue to advance our modern Merrill strategy in these expanded roles."
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
