The head of Merrill Lynch’s wealth management business in Europe, Middle East and Africa, Eva Castillo, has left the US firm, WealthBriefing can exclusively report.

An announcement about a replacement for Ms Castillo will be made in due course, this publication understands.

Merrill Lynch declined to comment on the matter.

It is understood that Ms Castillo, who has worked at Merrill Lynch for 12 years, decided to resign from her post before Sallie Krawcheck was appointed head of Merrill’s global wealth management operations in early August this year.

Ms Castillo will remain in her current job until the end of the year.

There have been a number of changes in senior wealth management roles since Bank of America completed its purchase of Merrill Lynch at the start of January this year.

Prior to her current role, Ms Castillo was head of global markets and investment banking in Iberia as well as president of Merrill Lynch Spain. She joined Merrill Lynch in 1997 as head of equity markets for Spain and Portugal, responsible for the integration of the newly acquired brokerage in Spain. 

Before joining Merrill Lynch, she worked for Goldman Sachs in London in the International Equity department.