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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> reorganization

BofA Merrill reorganizes broker and management ranks

Posted by RJ and Makay on Sep 22, 2011

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Bank of America Merrill Lynch wealth management head John Thiel, in a memo to employees yesterday, announced a major restructuring of the firm’s brokerage and management ranks.  The reorganization reduces the number of company regional managers from 24 to 11, and comes two weeks after Thiel’s former boss Sallie Krawcheck exited the company.  The reshuffling of the regional markets aims to service clients more effectively and reduce layers of management.