C-suite

Andy Sieg, head of Merrill Lynch Wealth Management, will join the management team of the company, reporting directly to CEO Brian Moynihan.

A chief operating officer can be a firms' secret weapon for growth.

The back-office staff and asset-management division bore the brunt of a decline in the overall size in the class.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The executive must attend to a close family member who has recently learned of significant health challenges, a spokeswoman says.

Ermotti last week outlined how the bank is seeking to win over American billionaires by boosting recruitment.

Russell Goldsmith plans to be “quite active” after handing over the top job to his successor in three months.

Terry Laughlin, who ran the bank’s $2.8 trillion wealth management business, formerly served as its chief risk officer, the bank said in a statement Friday.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

While he inherited a tough job, two years in it’s hard to find a single business metric that has improved,