Sunday, 8th November 2009

 

Merrill appoints Zurich wealth management head

Merrill Lynch has appointed a new head of its Zurich wealth management office, as the latest move to boost its operations in the Swiss-German region.

He will report to Michelle D’Ancona, head of private banking in Europe and Swiss market leader.

Kahnau joined Merrill n 1994 as a financial advisor. In his new role as office manager, he will lead a team of financial advisors covering the Swiss German market. The bank said he will also continue to focus on advising high net worth clients in the Swiss German region.

Michelle D’Ancona said: ”Kahnau's appointment will help us to continue to expand the services we offer to clients in the Swiss German region.”

Tags: Merrill Lynch

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

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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