Merrill names new private-banking head for Boston

FWR Staff

18 October 2007

C. Little takes D. Revere's place in mega broker's New England UHNW office. Merrill Lynch has made Cory Little head of its Private Banking and Investment Group office in Boston, according to a Dow Jones report that cites an internal memo.

Little replaces Doug Revere, who is now a managing director of Merrill's advisory unit. In addition to her new responsibilities, she will continue in her previous role as head of equities and fixed income institutional sales in Boston.

A bunch of bosses

Revere became head of Merrill's Boston private-banking office when in opened this past spring. Jennifer Povlitz, managing director of the Wall Street giant's private banking business in the eastern U.S. , has been filling in for Revere in Boston since he made his latest move.

On the institutional side, Little will continue to report to managing directors Jeff Penney for equities and Doug Mallach for fixed income. For her wealth-management responsibilities, she will report to Povlitz and to John Thiel, who has overall responsibility for the private-banking and investment group.

Little has been with Merrill for about 15 years.

Merrill's private-banking group, part of its Global Wealth Management unit, provides investment and portfolio management, banking and lending services, tax management, trust and estate planning, philanthropic services and family-office services.

In addition to its offices in Boston, New York and Washington, Merrill's Private Banking and Investment Group has offices in Atlanta, Chicago, Dallas, Los Angeles and San Francisco. -FWR

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