Merrill Lynch, Merrill Lynch Bank

Corporate

Merrill Lynch was established in 1915 in New York. Over the last 90 years Merrill Lynch has grown to become a financial services provider with an extensive global presence. Although Merrill Lynch is better known for its expertise in investment banking and capital market services, the company has developed a healthy reputation for its growing expertise in many other areas of financial services.
Merrill Lynch is listed at No. 34 in the Fortune 500 list of companies worldwide.

Activities

Merrill Lynch organizes its activities into two interrelated business segments:

Global Markets & Investment Banking Group, dealing in
Securities and derivatives
Strategic advisory services to corporations, governments, institutions and individuals
Global Wealth Management with over USD 1 trillion worth of assets under its management

Performance

Merrill Lynch recorded strong overall growth in fiscal 2006 along with the highest non-US business revenue ever recorded by the company.

Merrill Lynch ascribes this success to certain crucial moves made during the year:

Emphasis on broadening the asset classes and capabilities offered to clients
Expansion across geographies
Diversification of revenues
Managing and deploying capital more effectively
Investing in top talent

In fiscal 2006 Merrill Lynches’ net revenues were USD 34.7 billion which was 33 % more than what it was in the last fiscal.

Growth in revenues over the last 5 years (In billion USD)

Merrill Lynches’ net income in fiscal 2006 was USD 7.5 billion which was an increase of 47 % over what it was in the last fiscal.
In fiscal 2006 the total value of Merrill Lynches’ assets was worth USD 841 billion.
Growth in the value of assets over the last 5 years (In billion USD)

Growth in the value of assets over the last 5 years (In billion USD)

The Merrill Lynch global headquarters are located at:

4 World Financial Center,
250 Vessey Street,
New York, NY 10080 USA
Tel: +1-212-449-1000
Website: www.ml.com

Global network

Merrill Lynch together with its affiliates and subsidiaries has a wide network of offices across the world. Approximately half the stakes in Black Rock, one of the world’s largest investment management companies, are owned by Merrill Lynch. This allows Merrill Lynch access to over USD 1 trillion worth of assets managed by Black Rock globally.

Organization

Merrill Lynch is headed by Mr. S. O’Neal who is the Chairman of the board, CEO and President of the company.

Merrill Lynch employs over 56,000 people worldwide.