Merrill Lynch continues its corporate reshuffling. Brad Olson, formerly senior vice president of strategy and finance for Smith Barney, has joined the firm as chief financial officer of Merrill's private client group. He replaces Jeff Gelfand, who left earlier this year to become Wachovia Securities CFO. In another move, Merrill added executive vice president to the titles of Greg Fleming and Dow Kim, who currently serve as presidents of the firm's Global Markets and Investment Banking groups. Fleming has been with Merrill since 1992, Kim since 1994.
Jeff Brown, former senior vice president and general counsel for the Cincinnati Stock Exchange, joined Charles Schwab Capital Markets in the same position. He will be in charge of regulatory policy and compliance for Schwab.
Smith Barney's Consulting Group, its managed money arm, hired Ben Mitchell as its director of national sales. The gig is a promotion for Mitchell; he previously served as the southern division sales director. He takes over for Norman Nabhan, now the director of the Consulting Group.
Managed account services provider Brinker Capital has hired Jack Hess as managing director. He was previously senior vice president and regional director for Old Mutual Investment Partners in Boston. He will be in charge of the company's business development in the southern United States, including Alabama, Florida, Georgia, Louisiana and Mississippi. Brinker Capital is based in King of Prussia, Penn.