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]