Merrill Lynch filled a management gap, naming the head of its advisor training program as manager of one of its largest offices in New York.
The opening came up after Sabina McCarthy became vice chairwoman of Merrill Lynch Wealth Management, and the firm promoted Jeffrey Tucker to her old job as division executive for New York.
Now Racquel Oden is taking over Tucker's previous position as market executive of the firm's Fifth Avenue Market, according to an internal memo. Oden, who now reports to Tucker, will oversee about 200 financial advisors managing approximately $35 billion in client assets.
As head of Advisor Strategy & Development at Merrill, Oden oversaw the launch and development of several initiatives such as the firm's Team Financial Advisor program, which helps place young trainees directly onto teams.
Cheri Lytle is succeeding Oden as head of Advisor Strategy & Development, and will report to Head of Client Segments & Advisor Development Riley Etheridge.