'Influential' exec who helmed Merrill's trainee program and ran its flagship branch will move to Chase as Northeast divisional director
The woman who was charged with reinvigorating and refocusing Merrill Lynch's venerable advisor training program is leaving the wirehouse and moving to J.P. Morgan Chase & Co. See: Is Merrill Lynch taking its more RIA-like training program another step forward with Racquel Oden's promotion?
Racquel Odon started at Merrill in 2010. In 2014 she was tapped to lead its advisor development program for trainees, also overseeing development of the firm’s 14,000 existing advisors and its recruitment efforts -- all this as the wirehouse shifted inexorably to a more RIA-focused approach. See: Merrill Lynch's second act for RIA reinvention is revealed but may yield 'field day' for classic RIAs in the short term.
Two years later, Oden moved to Merrill's flagship Fifth Avenue branch as managing director and market executive, directly supervising more than 200 advisors serving high-net-worth clients.
In March, Odon will become Northeast divisional director at Chase reporting to Pam Codispoti, head of branch banking and wealth management.
"Racquel will oversee our branch and wealth management teams in the tri-state area and help drive the transformative initiatives we have under way to evolve how we serve customers," writes Codispoti in an email.
Oden started out her career in equity trading at Morgan Stanley in 1997. She left there two years later and joined UBS, where she stayed for 11 years.
In 2016, Oden was named one of the 25 Influential Black Women in Business by The Network Journal. She serves on the board of the Thurgood Marshall College Fund. At UBS, she was executive chairwoman of the Asian, Black and Hispanic Employee Network and served on the steering committee for its Women’s Network. She is a member of Jack and Jill of America and Alpha Kappa Alpha Sorority Inc.