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Don Plaus, who ‘retired’ as head of Merrill Lynch Non-public Wealth Administration a 12 months in the past, has joined Citi as head of the Non-public Financial institution North America, based on a memo from World Head of Citi Non-public Financial institution Ida Liu. He’ll report back to Liu and succeeds Halé Behzadi, who might be retiring on the finish of March.
Behzadi had been with the agency for 22 years, main the West Coast area of the non-public financial institution earlier than moving into heading up all of North America. She was additionally co-chair of Citi’s California Management Council and govt sponsor of the agency’s North America Variety Committee. Previous to becoming a member of Citi, she was a senior vice chairman at Financial institution of America.
“As a player-coach, Halé labored carefully along with her groups, main with a gradual hand. She has been a devoted mentor and sponsor of our folks, cultivating rising expertise,” Liu stated.
Plaus, who introduced his ‘retirement’ from Merrill Lynch final February, will begin April 1. He spent 32 years at Merrill Lynch, most lately as head of Non-public Wealth Administration, Worldwide and Institutional. On the time of his departure, Merrill appointed Lindsay Hans, the top of Merrill Non-public Wealth Administration’s Northeast division, to take over his place.
Final March, Merrill Lynch Wealth Administration head Andy Sieg left the wirehouse to run Citigroup’s wealth administration division, and Hans was promoted to president and co-head of Merrill, alongside Eric Schimpf. Schimpf, who began at Merrill in 1994 as a monetary advisor, was serving as a division govt for the Pacific Coast and co-head of the enterprise advisor growth program.
Antonio Gonzales, who previously led JP Morgan Non-public Financial institution for Brazil, additionally lately joined Citi Non-public Financial institution as head of Latin America. He took over for Fabio Fontainha, who was interim head and can transition absolutely to guide enterprise execution.
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