Merrill Lynch Wealth Management Appoints Ashvin Chhabra as Chief Investment Officer, Head of Investment Management and Guidance

New York - 6 May 2013

Merrill Lynch Wealth Management today announced that Ashvin Chhabra is joining the firm as chief investment officer, head of Investment Management and Guidance (IMG). In his role, Chhabra will oversee the delivery of investment advice and strategy to Financial Advisors and their clients. He will also lead the IMG manager due diligence, investment analytics, and investment guidance teams, as well as the Ultra High Net Worth (UHNW) Investment Office.

Chhabra served as Merrill Lynch’s head of Wealth Strategies and Analytics between 2001 and 2007. During his time at Merrill Lynch, Chhabra delivered pioneering work to link behavioral finance to portfolio construction, the foundation of Merrill Lynch’s ability to deliver goals-based wealth management solutions to its clients.

Chhabra most recently served as the chief investment officer at the Institute for Advanced Study in Princeton, N.J. During his six years at the Institute, he worked closely with the Institute's Board of Trustees’ Investment Committee, which is chaired by James H. Simons, founder of Renaissance Technologies.

“As an organization, we believe we bring unparalleled intellectual capital to bear on behalf of our clients and advisors. Our ability to attract leading talent is central to that effort,” said Andy Sieg, head of Global Wealth and Retirement Solutions. “Ashvin has an impressive industry and academic career that makes him ideally suited to work with our advisors to deliver investment advice and guidance that helps our clients pursue their desired outcomes.”

Prior to joining Merrill Lynch in 2001, Chhabra was head of Quantitative Research at J.P. Morgan Private Bank. He holds a Ph.D. in applied physics from Yale University and is recognized as a leader in the fields of investment management, risk and asset allocation, and risk management. Chhabra is a frequent lecturer at leading universities and a board member of numerous academic and industry groups.

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