Merrill Lynch veteran picked to replace Racquel Oden at Manhattan flagship office

Matt Grossman, who has worked at Merrill for 28 years, will supervise 200 brokers and advisers at the firm's Fifth Avenue office

Jan 26, 2018 @ 3:19 pm

By Bruce Kelly

Merrill Lynch has tapped firm veteran Matt Grossman to head its flagship Fifth Avenue branch in Manhattan.

Mr. Grossman replaces Racquel Oden, who left the firm in December. The branch has 200 brokers and financial advisers under its roof.

Earlier this month, InvestmentNewsreported that Ms. Oden will be divisional director of the Northeast for JP Morgan Chase.

Mr. Grossman started his career with Merrill Lynch 28 years ago as a financial adviser in Florida, according to a memo sent to advisers Friday morning.

Since then, he has had several management jobs at the firm. Since 2006, Mr. Grossman has been market executive for the Westchester, N.Y., and Greenwich, Conn., complex of Merrill Lynch offices.

He "has been instrumental in driving growth in Westchester-Greenwich, [and] expanding the market to include seven offices" with 190 financial advisers and portfolio managers, according to the company memo.


What do you think?

View comments

Recommended for you

Latest news & opinion

Focus Financial files for an IPO valued at $100 million

The RIA aggregator, founded by CEO Ruediger 'Rudy' Adolf (above), has partnered with more than 50 registered investment adviser firms.

Piwowar defends SEC's best-interest rule

SEC commissioner says the Department of Labor rule set up an 'unworkable, impossible set of standards for people to comply with.'

RIA in a Box acquired by private equity firm Aquiline Capital

New owners plan more growth for the software service provider.

IBDs with the most female reps

Here are the 10 independent-broker dealers that have the most female reps.

Supreme Court decision likely to prevent brokers from filing class-action lawsuits

However, it likely won't bar employees from filing 401(k) lawsuits against their employers.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print