Thursday, 24th July 2008

 

15 May 2008 - Press Briefing

Merrill Lynch names new head for New York wealth unit

Merrill Lynch has named Carlos Valle as the Global Wealth Management group's new head for the New York International Complex, according to a Dow Jones report.

Valle replaces Ricardo Morean, who was removed from his post recently amid a lawsuit against three South African investors that caused an $80m (€52m) writedown from the first-quarter financial results of Merrill's retail brokerage unit.

Valle, who joined Merrill in 1989 with the investment banking unit's High Yield group, joined the institutional advisor division in the Global Wealth Management unit in November 2002. There, he served as the national sales manager overseeing both domestic and Latin American fixed income and equity institutional sales efforts.

Tags: Carlos Valle , Merrill Lynch

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