15 Nov 2010
Merrill Lynch Wealth Management today announces the appointment of Peter Schmid as General Manager and Chief Executive Officer of Merrill Lynch Bank (Suisse) S.A. Schmid will be based in Geneva, Switzerland, and report to David Jervis, Head of Merrill Lynch Wealth Management EMEA.
In his new role, Schmid will work closely with the other regional managing directors in Europe, Asia Pacific and Emerging Markets excluding Asia. He will be responsible for the wealth management at MLB(S) and focus on Switzerland as a market. Additionally, he will deepen the relationship between MLB(S) and ML financial advisors globally.
Schmid has 22 years of experience within the financial sector. Prior to joining Merrill Lynch Wealth Management, he was the Head of the Business Unit for Germany responsible for German clients in Germany, Switzerland, Luxembourg, Hong Kong and Singapore at UBS. Other roles at the bank included Chief of Staff for Wealth Management and Business Banking, Global Head of Marketing and Sales Development and Head of Marketing and Communications for Personal Banking. Before UBS, Schmid was Head of Marketing and Sales at Unisys responsible for generating new business from financial services customers. He previously worked for PriceWaterhouseCoopers as a senior consultant on projects with international financial institutions and for the Swiss Bank Corporation as a client adviser.
In his new role, Schmid will work closely with the other regional managing directors in Europe, Asia Pacific and Emerging Markets excluding Asia. He will be responsible for the wealth management at MLB(S) and focus on Switzerland as a market. Additionally, he will deepen the relationship between MLB(S) and ML financial advisors globally.
Schmid has 22 years of experience within the financial sector. Prior to joining Merrill Lynch Wealth Management, he was the Head of the Business Unit for Germany responsible for German clients in Germany, Switzerland, Luxembourg, Hong Kong and Singapore at UBS. Other roles at the bank included Chief of Staff for Wealth Management and Business Banking, Global Head of Marketing and Sales Development and Head of Marketing and Communications for Personal Banking. Before UBS, Schmid was Head of Marketing and Sales at Unisys responsible for generating new business from financial services customers. He previously worked for PriceWaterhouseCoopers as a senior consultant on projects with international financial institutions and for the Swiss Bank Corporation as a client adviser.
David Jervis, Head of Merrill Lynch Wealth Management EMEA, said, “Peter’s leadership experience will be key to further building our offering to clients. The stable economic and fiscal environment in Switzerland is attracting High Net Worth Individuals and the MLB(S) platform allows us to deliver global markets and banking capabilities through a local, personalised service.”
