Merrill Lynch Wealth Mgmt. Adds Alts. Chief For EMEA

Bank of America Merrill Lynch has created a new post to head alternative investments in Europe, the Middle East and Africa, and hired a Barclays Wealth veteran to fill it.

Ritesh Rihani will report to Trang Chu, head of financial products at Merrill Lynch Wealth Management.

“The addition of this role comes at an important time as the UCITS III framework continues to provide protection for investors through rigorous risk, diversification, counterparty exposure, liquidity and eligible asset constraints,” Chu said.

At Barclays, Rihani headed hedge fund origination and distribution. Before joining Barclays Weath, he worked at Lehman Brothers and Altigefi. He will be based in London.