Bank / Credit Union

Bank of America appoints presidents of Merrill Wealth Management

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March 31, 2023

Bank of America has appointed Lindsay Hans and Eric Schimpf to serve as presidents and co-heads of its subsidiary Merrill Wealth Management. They will report to Brian Moynihan, CEO and chair of Bank of America, according to a press release.

In their roles, they will oversee more than 25,000 employees and assets of $2.8 trillion.

Hans and Schimpf have served at Merrill since 2014 and 1994 respectively.

"Merrill is one of the largest wealth management businesses in the world and an integral part of Bank of America as we serve the unique needs of individuals, families and businesses," Moynihan said in the release. "Lindsay and Eric have excelled as leaders, delivering outstanding results for our advisors and clients. I'm looking forward to them building on the success and long tradition of Merrill in the years ahead."