Thirteen months ago, Andy Sieg unexpectedly left Merrill Wealth Management to run Citi's ailing wealth unit.
His replacements, Lindsay Hans and Eric Schimpf, had big shoes to fill.
Hans and Schimpf were company veterans but lesser known before they were anointed to lead the $3 trillion wealth business attached to behemoth Bank of America.
Schimpf is more soft-spoken than his cohead Hans, who was promoted to run the private wealth business one month before Sieg left.
AdvertisementMerrill has the benefit of being part of a bank with some 69 million consumer bank clients.
Persons:
Andy Sieg, Lindsay Hans, Eric Schimpf, Merrill, Hans, Schimpf, Sieg, Lindsay, it's, Sieg's, Louis Diamond, Schimpf's, Hans said, AdvisorHub
Organizations:
Service, Merrill Wealth Management, behemoth Bank of America, Business, Merrill, Army, UBS, Schimpf, Northeast, Merrill . Bank of America, Bank of America, Customers, Bank of, First, JPMorgan
Locations:
Los Angeles, Coast, New York City, Nevada, First Republic, Merrill