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Wednesday, February 4, 2015

Ex-Merrill Lynch exec tries to make Focus Financial household name, (NYSE: BAC)

Chris Dupuy, formerly a top regional executive for Bank of America Merrill Lynch, left the firm a year ago and joined the independent Focus Financial Partners LLC wealth management network. Now that he's free from contractual restraints and poised to pitch top advisers, he faces one key challenge: many of them don't know Focus."I get that a lot from people: 'You went to work for who?'" said Dupuy, who resigned from his job heading Merrill Lynch's Pacific Northwest market in late February 2014 and started working at Focus Financial Partners in June.Merrill Lynch failed to comment beyond confirming that Dupuy left last February.Dupuy spent nearly 30 years at Merrill, having started at the age of 19. While he expected some of his Merrill colleagues were surprised when he resigned, he said the bureaucratic nature of big-firm-life had worn him down.

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Shares of BAC traded higher by 2.78% or $0.43/share to $15.89. In the past year, the shares have traded as low as $14.37 and as high as $18.21. On average, 80762200 shares of BAC exchange hands on a given day and today's volume is recorded at 105167120.