How’d you like to be “Head Of Retail Brokerage” nowadays? Yeah, us either. But that isn’t stopping Merrill’s Dan Sontag from making the jump into the parent organization.
Bank of America Corp named Dan Sontag head of Merrill Lynch Global Wealth Management, its retail brokerage unit, according to an internal memo obtained by Reuters, filling a spot vacated by the recent departure of Bob McCann.
Way to integrate, Dan! Culture clash my ass! We know the transition from “Wealth Management,” and those upscale clients into the depths of $20 fee rebates, free calendars with every new checking account and a Toaster if you maintain a minimum balance of $2,500 for six months is going to be a snap!
Earlier: John Thain’s Farewell To Bob McCann: Did He Really Use The Word “Enrich”?
Merrill’s Sontag named head of retail brokerage [Reuters]
Good luck keeping the brokers happy
My goodness – an Apocalypse Now reference. Who are you people?
Marketing majors…..we all know about those don’t we ?
University of Tennessee (bad)
Marketing Major (worse)
good luck with that-that sound you hear is money flowing away
@2 EP always has the best (nerdiest) references!
hard core…
Retail = lower rung of society.
aka “untouchables”
My goodness – an Apocalypse Now reference. Who are you people?
4 Based on these credentials, I’m guessing what we have here is the typical square jawed, all-American red blooded, glad handing exec. Which is perfectly suited to the task at hand. Remember (thinking back to your fraternity), its the B students that run the world, making good use of the talents of the students.
@7 ahole comment
Anyway, why get rid of McCann for Sontag?
EP
Great takedown of
Barry Ritholtz on your blog last week
EP
Great takedown of
Barry Ritholtz
on your blog last week !!!!
@9 Sounds like someone’s compensating for his 3.0 from Vanderbilt
@9…good post, but something about that name tells me jewish, aka not square-jawed all american….
13: 9 here Yr totally wrong re me and Vandy. I’m just more sensitive than you to the ways of the world. Look around you. Very often those that succeed are the ones that look good and can handle people. Esp in places like retail at BOA/Merrill.
@11 link?
Get you a case of beer for that one.
@12 quit sucking up!
@EP – “Do not use this blindly in the real world. It will turn around and bite you.” This should’ve come from your legal writing prof admonishing you for your grandeloquent and overwrought exposition, not Fama.
Referencing the Lono deity cycle? Its just Ritholtz for chrissakes.
us neither… its neither not either-sorry.
It’s “We neither”
Sorry. I couldn’t let that rest.