Skip to content

Merrill Revamps Leadership With Lorenz and Lambert Set to Retire

  • Lindsay Hans, Chandler Root to step in as division leaders
  • Changes come as demand for wealth advisers rises at banks

Bank of America Corp.’s wealth-management business is reworking its top ranks as leaders Bill Lorenz and Paul Lambert retire after three decades with the firm.

The company’s Merrill Lynch Wealth Management unit named Lindsay Hans and Chandler Root to division executives, a shift that will take effect after Lorenz and Lambert step down at the end of the year, according to Merrill President Andy Sieg.