BofA Merrill rebuilds wealth team after Schroders defections

Merrill Lynch Wealth Management has appointed a business development director for its discretionary portfolio management team - the first direct replacement for an eight-strong team that left to join a rival earlier in the year.

Nick Booth will be based in Jersey focusing on ultra-high-net-worth clients and trust companies in the Channel Islands. He joins the wealth management division of Bank of America Merrill Lynch from Newscape Capital Group, where he was a client director.

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