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bank of america enhances wealth management with new leadership and strategies

Bank of America is enhancing its wealth management division by appointing Ed Riley as the head of capital markets for its Investment Solutions Group, alongside Jessica Mullin as a capital markets strategist. Both will focus on developing tailored solutions for ultra-high-net-worth clients, reflecting the growing demand for personalized financial services. The firm has seen a significant increase in clients with over $10 million in assets, necessitating specialized support for their complex financial needs.

merrill lynch enhances capital markets team with key hires from rivals

Merrill Lynch has strengthened its capital markets team by hiring Ed Riley from Citi, where he was head of wealth markets for the Americas. In his new role, Riley will lead the development of capital markets solutions for Merrill and Bank of America Private Bank advisors, reporting to Nancy Fahmy. Fahmy emphasized the importance of capital markets capabilities in helping clients manage risk and achieve investment goals.
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