Merrill Lynch is again shuffling the leadership team at its wealth management division, saying Lindsay Hans will succeed Don Plaus as head of Private Wealth Management, International and Institutional.
Plaus decided to retire after 32 years with the firm, the company said last week. Plaus has led the firm's Northeast and Mid Atlantic Divisions over the last six years.
In her current roles, Hans built successful leadership teams across her divisions and strong relationships with advisors and clients, according to the company.
In her new role, Hans will continue to serve as a member of Merrill parent company Bank of America's Global Diversity and Inclusion Council and as a national executive sponsor of the Merrill Women's Exchange.
Other Changes
Merrill made other changes to the Private Wealth team. Keith Glenfield will become Merrill's Northeast Division executive, succeeding Hans. Prior to this appointment, Glenfield was head of Investment Solutions & Personal Retirement.
Glenfield, who is chairman of the Board of Governors for the Money Management Institute. joined Merrill 27 years ago, according to the company.
In addition to the Division executive role, he will also have responsibility for business integration across Merrill.
Nancy Fahmy, meanwhile, will expand her leadership responsibilities and become the sole head of the firm's Investment Solutions Group.
Fahmy most recently led the company's alternative investments area to record growth, according to the firm. She is also on the board of the Institute for Portfolio Alternatives, serves on the Sponsors for Educational Opportunity's Limited Partner Advisory Council, and is a member of the Women's Leadership Council.
