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Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009.
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City.A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co.
In May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. [17] In June 2008, Fleming became chief operating officer . [ 18 ] After the Bank of America merger was completed in January 2009, [ 19 ] Fleming resigned from Merrill Lynch to teach at Yale University , [ 20 ] becoming a senior research scholar and lecturer in law.
On February 8, 2010, former Merrill Lynch CEO John Thain was hired as chairman and chief executive officer. [34] In June 2014, the company acquired Direct Capital. [35] OneWest Bank Headquarters in Pasadena, California
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Earnest Stanley O'Neal (born October 7, 1951 [2]) is an American business executive who was chairman and CEO of Merrill Lynch from 2003 through 2007, having served in numerous senior management positions at the company prior to this appointment.
Prior to joining PaineWebber, Grano was with Merrill Lynch for 16 years, holding various senior management positions including Director of National Sales. In 1987, he was named the industry’s best retail marketing executive in a survey conducted by Investment Dealers’ Digest.
BofA Securities, Inc., [1] previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill , the stock brokerage and trading platform subsidiary of Bank of America.