Merrill taps new head of Americas distribution group for global wealth management
Lorna Sabbia has been named head of the Americas distribution group for Merrill Lynch Global Wealth Management in the latest in a series of a key executive moves at Merrill Lynch & Co. Inc. as it continues to integrate its operations with new owner Bank of America Corp., Merrill confirmed today.
Lorna Sabbia has been named head of the Americas distribution group for Merrill Lynch Global Wealth Management in the latest in a series of a key executive moves at Merrill Lynch & Co. Inc. as it continues to integrate its operations with new owner Bank of America Corp., Merrill confirmed today.
Ms. Sabbia, a 14-year Merrill veteran, will be responsible for teams that deliver managed accounts and other products to the firm’s 15,000 financial advisers.
She will also manage third-party relationships for Merrill and lead its wealth management and wealth structuring specialists and support desks.
Ms. Sabbia previously was in charge of Merrill’s internal wholesaling team as head of field specialist management.
She replaces Chris Dupuy, who was named head of global investment solutions at Merrill last month.
He is now responsible for management of Merrill’s financial products, including mutual funds, stocks, bonds, insurance and structured products.
Mr. Dupuy also oversees all due diligence, portfolio construction and investment implementation activities
He, in turn, replaced Mitch Cox, who left Merrill last month.
Merrill is based in New York, and BofA is in Charlotte, N.C.
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