Oliver Orth has been promoted to director of Merrill Lynch Global Wealth Management’s German market. He will report to Gilles Dard, head of northern Europe for Global Wealth Management. Over the past two years, Mr Orth has been instrumental in re-establishing the GWM-Global Markets and Investment Banking relationship in Germany with focus on high net worth and ultra high net worth cross-business opportunities. As a producing manager, he will help expand GWM’s capabilities in the market while continuing to work closely with GMI. Mr Orth joined Merrill Lynch GWM in December 2005. Prior to joining GWM, he worked for nine years in Merrill Lynch's investment banking division in London and Hong Kong as well as for ABN Amro in London.