Merrill Lynch’s Global Private Client group has strengthened its pan-European discretionary business with the appointment of three portfolio...

Merrill Lynch’s Global Private Client group has strengthened its pan-European discretionary business with the appointment of three portfolio managers from Cazenove Capital Management. Annamaria Lovell, Tim Bailey and Andrea Di Nisio will join Merrill Lynch Portfolio Managers early next year, focusing UK clients and Continental Europe. Annamaria Lovell was head of International Wealth Management at Cazenove Capital Management, which she joined in 2003. At Cazenove, Ms Lovell was responsible for a team of six relationship managers, overseeing the international asset allocation strategy for private clients. Prior to that she was an executive director in Private Banking at Schroders. Ms Lovell will lead the European business development efforts and will report to Andrew Clark, head of Merrill Lynch Portfolio Managers. Tim Bailey worked from 2002 as a director in International Wealth Management at Cazenove Capital Management, where he had a diverse client base. Before that he was a director in International Wealth Management at Schroders Private Bank. Previously, Mr Bailey was head of Foreign Currency Bond Sales at Credit Suisse Private Banking. Andrea Di Nisio was a fund director at Cazenove Capital Management since 2002, focusing primarily on Italian private clients. In 2001, he joined Cazenove from Schroders. Andrew Clark, Head of Merrill Lynch Portfolio Managers said: “This is a significant step in the development of our Pan-European discretionary capabilities, which will help Merrill Lynch Portfolio Managers to build on its award winning performance.” Nick Tucker, Market Leader for Merrill Lynch’s GPC group, UK & Ireland said: “Annamaria, Tim and Andrea each have outstanding track records in international wealth management for high net worth individuals. They add to the high profile private client appointments we have made throughout the year and underline our intent to significantly grow our discretionary business. They bring with them extensive private banking experience and will help us to further build on our three pillar strategy of discretionary investment management, advisory and wealth structuring.”