Merrill Elevates Market Manager to Sieg’s Inner Circle
Merrill Lynch has elevated Craig Young, a New York City-area market manager who has been with the company for four years, to the newly created role of national business development executive.
He will be responsible for designing programs to further Sieg’s carrot-and-stick approach to building assets and new client accounts through pay, incentive trips and recognition clubs, and will coordinate its existing Advisor Growth Network, Market Executive Strategy Council and FA Advisory Council to Management.
“He’ll work with market leaders and advisors on household acquisition, delivering superior client experiences, and creating greater consistency in how we integrate and deliver growth across the country,” Sieg said in a prepared statement.
A former college football coach, Young has 13 years of industry experience—including his first nine years as a registered rep in Houston at Smith Barney, Morgan Stanley, UBS and Robert W. Baird, according to his BrokerCheck history.
He joined Merrill in 2015 as associate market executive in Los Angeles for its private wealth unit for wealthy clients (formerly known as the Private Banking and Investment Group), shifted a year later to manage Merrill Wealth branches in Pasadena, and most recently oversaw seven branches in the wealthy Westchester-Greenwich, Conn. suburbs of New York City.
His promotion follows the early retirement last month of Mike Adornetto, Merrill Lynch Wealth Management’s chief operating officer. He was replaced by Kirstin Hill, who also retains her role on Sieg’s inner council as “Strategic Performance” executive with responsibility for training, financial advisor development and compensation.
A Merrill spokesman said he did not have details immediately on who will replace Young as White Plains market executive. In May 2018, Merrill recruited Dufresne “Didi” Nicolas from Morgan Stanley to be assistant market manager in the complex.