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, InvestmentNews reported 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.