Monday, 23rd November 2009

 

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

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. More US wealthy opt to surrender their citizenship
  4. Stanhope Capital grows staff by 50%
  5. Comment: Prince William seals the ascent of hedge funds

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from People

  1. Aberdeen takes control of Horlick's Bramdean
  2. Citi Private Bank hires head of investments for North America
  3. Citi Private Bank Hires Head Of Investments For North America
  4. Lombard Odier hires from Coutts
  5. Armstrong Investment hires partners

Related Content

  1. Merrill hires senior manager from Lombard Odier for Swiss unit

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347