Dan Sontag is leaving his position as operational head of Merrill Lynch Global Wealth Management in the wake of Sallie Krawcheck’s arrival as his new boss. In a joint call on Tuesday with the management team responsible for Merrill’s “thundering herd” of 15,000 financial advisers, Mr Sontag, a 32-year veteran of Merrill, said he was retiring, but pledged his support for Ms Krawcheck.
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