People Moves
Russia Head Resigns From BoA Merrill Lynch

The country head for Russia at Bank of America Merrill Lynch, Bernard Sucher, has resigned after having held the role for three years, WealthBriefing understands.
Sucher was recruited to take up the role from the Russian investment bank Alfa Capital, where he had been chairman, in 2007. Before this he was a managing director at Troika Dialog, another Russian investment bank.
On his appointment as country head for Russia at Merrill Lynch, Sucher was charged with building out the firm’s local fixed income, currencies and commodities, as well as equity sales and trading operations, as previously reported by this publication. Merrill Lynch was subsequently bought by Bank of America at the start of 2009.
In other recent moves into the firm, last month Merrill Lynch Wealth Management expanded its Middle East team with the appointment of Joy Verghese as a financial advisor, based in Dubai. Verghese, who focuses on ultra high net worth clients and family offices in Gulf Cooperation Council countries, joined the firm from BNP Paribas, where he held a similar Dubai-based role serving HNW and UHNW clients.