Merrill Lynch Wealth Management today announces the appointments of Tamer Rashad as head of Middle East Wealth Management and Amir Sadr as head of the Institutional Client Group and the Family Office Group. Mr. Rashad and Mr. Sadr will report to David Jervis, head of EMEA Merrill Lynch Wealth Management.
In his new role, Tamer Rashad will be responsible for managing and developing the wealth management business in the MENA region. Mr. Rashad will relocate to Dubai, United Arab Emirates, from New York, U.S., where he currently holds the role of head of Global Relationship Capital Intelligence in Global Wealth Management (GWM).
Prior to this, Mr. Rashad worked in the Office of the President & COO at Merrill Lynch where he was instrumental in establishing the Global Client Coverage group. He started at Merrill Lynch in 2004 as head of Corporate Strategy for Countrywide Financial. Before joining Merrill Lynch, Mr. Rashad was a strategy consultant at Deloitte Consulting and Accenture advising global financial services clients in the U.S., Europe and the Middle East.
Mr. Rashad holds a Masters in Finance from the London Business School, a M.Sc. from Surrey University in the U.K., a B.Sc. from Alexandria University in Egypt, and is a U.K. Chevening Fellow. He is an active on a number of non-profit and industry associations, including the Council on Foreign Relations, the Carnegie Council, the Arab Bankers Association of North America, and serves on the board of directors at Plan USA.
Andrea Orcel, executive chairman of Global Banking and Markets and president of Emerging Markets (ex Asia) said: "I am delighted that Tamer will be joining the Emerging Markets team in Dubai. This role is critical to our growth in the region and in leveraging cross platform opportunities in the future."
Amir Sadr will focus on developing the coverage model for ultra high net worth clients in the EMEA region as the business collaborates with Global Banking and Markets (GBAM) division. He will relocate to London from his current role as head of Middle East Wealth Management in Dubai, a position he has held since 2008.
Prior to heading the Middle East business, Mr. Sadr was head of Middle East Offshore, Institutional Client Group (ICG) and the Family Office Group. He has also worked in GWM as a Sales Manager for the London Middle East Offshore office and was instrumental in launching ICG in collaboration with GBAM. Mr. Sadr rejoined Merrill Lynch in 2002 after leaving to work for Lehman Brothers' Middle Market Equity and Credit Derivatives Sales team in 1998. He started at Merrill Lynch in 1995 as an equity sales trader.
David Jervis, head of EMEA Merrill Lynch Wealth Management said:
"I am delighted with Tamer's and Amir's appointments as their experience will help us to develop further our offering of world leading wealth management solutions to clients in the region."
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About Merill Lynch
Merrill Lynch Global Wealth Management (GWM) is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With more than 15,100 Financial Advisors and approximately $1.4 trillion in client assets as of June 30, 2010, it is among the largest businesses of its kind in the world. More than two-thirds of GWM relationships are with clients who have a net worth of $1 million or more. Within GWM, the Private Banking & Investment Group provides tailored solutions to ultra high net worth clients, offering both the intimacy of a boutique and the resources of a premier global financial services company. These clients are served by more than 160 Private Wealth Advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Wealth Management is part of Bank of America Corporation.
For more information please contact:
Sara-Louise Boyes,
Media Relations
Merrill Lynch Wealth Management
Bank of America Merrill Lynch Financial Centre
2 King Edward St
London EC1A 1HQ
Email: saralouise.boyes@baml.com
Tel: +44 (0)207 996 3557
Manash Bhuyan
Financial Dynamics - GCC
Email: manash.bhuyan@fd.com
Tel: +971 (0) 50 8419631
© Press Release 2010
