Elif Bilgi Zapparoli, Co-Head of Global Capital Markets, Bank of America Merrill Lynch, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Lucy Nicholson 

Soofian Zuberi, Bank of America Merrill Lynch Head of Global Equities Distribution, speaks during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid 

Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian 

Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian 

Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian 

Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian 

A combination file photo shows international banks Morgan Stanley, Barclays, Goldman Sachs, JPMorgan, Credit Suisse, Citigroup and Bank of America Merrill Lynch from Reuters archive. REUTERS/File photos 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge listens to speeches at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge listens to speeches at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge listens to speeches at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge meets children outside the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge meets children outside the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge gives a speech at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge meets children outside the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge chats to Chief Executive of Place2Be Catherine Roche as she arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge meets children outside the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

Britain's Catherine, Duchess of Cambridge arrives at the Place2Be Headteacher Conference at Bank of America Merrill Lynch, in London, England, November 18, 2015. REUTERS/Chris Jackson/Pool 

A worker washes windows high atop the Merrill Lynch building in downtown San Diego, California September 1, 2015. REUTERS/Mike Blake 

John Thiel, head of U.S. Wealth Management, Private Banking Investment Group for Merrill Lynch Global Wealth Management, speaks during the Reuters Global Wealth Management Summit in New York June 8, 2015. REUTERS/Shannon Stapleton 

John Thiel, head of U.S. Wealth Management, Private Banking Investment Group for Merrill Lynch Global Wealth Management, speaks during the Reuters Global Wealth Management Summit in New York June 8, 2015. REUTERS/Shannon Stapleton 

John Thiel, head of U.S. Wealth Management, Private Banking Investment Group for Merrill Lynch Global Wealth Management, speaks during the Reuters Global Wealth Management Summit in New York June 8, 2015. REUTERS/Shannon Stapleton 

John Thiel, head of U.S. Wealth Management, Private Banking Investment Group for Merrill Lynch Global Wealth Management, speaks during the Reuters Global Wealth Management Summit in New York June 8, 2015. REUTERS/Shannon Stapleton 

Lester H. Botkin (L) and Lester P. Botkin (C) meet with the vice president of business development at LPL Financial Doug Frank during the opening day of The Botkin Group's new offices in McMurray, Pennsylvania, March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Daniel Heide hangs a sign in the new office of The Botkin Group, comprising of financial planners who resigned from Morgan Stanley to start their own firm, in McMurray, Pennsylvania March 20, 2015. Sara Botkin (R) left Morgan Stanley with her father and brother to start their own independent financial planning and investment firm. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Lester P. Botkin holds his grandson, Henry Manciu, inside his new office in McMurray, Pennsylvania March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Workers hang a sign in the new offices of The Botkin Group, comprising of financial planners who resigned from Morgan Stanley to start their own firm a mile away in McMurray, Pennsylvania, March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

CFPs Lester and Sara Botkin make their first phone calls to clients from their new offices, hours after resigning from Morgan Stanley, in McMurray, Pennsylvania March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Lester P. Botkin gives his daughter Sara Botkin a hug upon hearing her license was released to their new firm after both resigned from Morgan Stanley, in their new office in McMurray, Pennsylvania March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Lester P. Botkin shows his daughter Sara Botkin messages he is receiving hours after they both resigned from Morgan Stanley to start their own financial planning office in McMurray, Pennsylvania, March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Danielle Butler Wilson (L) hurries to scan the agent data sheet for CFP Lester H. Botkin once his broker license was released to his new firm in McMurray, Pennsylvania, March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Botkin Family Wealth Management Director of Client Services Danielle Butler Wilson smoothes a sticker for brokerage network LPL Financial beside the door to the firm's new office, hours after resigning from Morgan Stanley with a group of financial brokers, in McMurray, Pennsylvania March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

CEO Lester P. Botkin (L) and Ovidiu Manciu (C) hang a painting of Augusta National Golf Club's "Amen Corner" while son Lester H. Botkin watches in his new office in McMurray, Pennsylvania, March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Picture taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

Danielle Butler Wilson (L) stuffs envelopes with promotional materials for the newly formed Botkin Family Wealth Management as CFP Lester H. Botkin waits for the state to release his broker license to his new firm, after resigning from Morgan Stanley, in McMurray, Pennsylvania March 20, 2015. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

The father, son and daughter team of the Botkin Group wait for the state to release their broker licenses after resigning as a group from Morgan Stanley, at their new offices in McMurray, Pennsylvania, March 20, 2015. Sara Botkin (L), CEO Lester P. Botkin (C) and Lester H. Botkin (R) immediately launched an independent financial planning and investment firm following their resignations. The Botkins' experience is reflective of a growing number of top-producing brokers who are leaving the embrace of big banks like Morgan Stanley, Bank of America's Merrill Lynch and UBS Group to branch out on their own. Photo taken on March 20, 2015. To match Feature USA-BROKERAGE/DEPARTURES REUTERS/Stephanie Strasburg 

A policeman closes a curtain at the crime scene where the bodies of two women were found in a flat at Hong Kong's Wanchai district November 2, 2014. A 29-year-old British banker has been arrested in Hong Kong in connection with the grisly murder of two women, a rare occurrence in a city known for its low homicide rate. Hong Kong police said in a statement on Saturday that a 29-year-old foreign man had been detained earlier that day after two women were found dead in an expensive apartment in Wan Chai, a central city district known for its night life.The man has not been charged. Police declined to give the name or the nationality of the man, whom local media and a source with knowledge of the situation have identified as being a Bank of America Merrill Lynch banker. REUTERS/Tyrone Siu (CHINA- Tags: CRIME LAW BUSINESS) 

A policeman takes a photo at a unit in which the bodies of two women were found in a flat at Hong Kong's Wanchai district November 2, 2014. A 29-year-old British banker has been arrested in Hong Kong in connection with the grisly murder of two women, a rare occurrence in a city known for its low homicide rate. Hong Kong police said in a statement on Saturday that a 29-year-old foreign man had been detained earlier that day after two women were found dead in an expensive apartment in Wan Chai, a central city district known for its night life.The man has not been charged. Police declined to give the name or the nationality of the man, whom local media and a source with knowledge of the situation have identified as being a Bank of America Merrill Lynch banker. REUTERS/Tyrone Siu (CHINA- Tags: CRIME LAW BUSINESS) 

A policeman checks the crime scene in which the bodies of two women were found in a flat at Hong Kong's Wanchai district November 2, 2014. A 29-year-old British banker has been arrested in Hong Kong in connection with the grisly murder of two women, a rare occurrence in a city known for its low homicide rate. Hong Kong police said in a statement on Saturday that a 29-year-old foreign man had been detained earlier that day after two women were found dead in an expensive apartment in Wan Chai, a central city district known for its night life.The man has not been charged. Police declined to give the name or the nationality of the man, whom local media and a source with knowledge of the situation have identified as being a Bank of America Merrill Lynch banker. REUTERS/Tyrone Siu (CHINA - Tags: CRIME LAW BUSINESS TPX IMAGES OF THE DAY) 

A policeman checks the crime scene in which the bodies of two women were found in a flat at Hong Kong's Wanchai district November 2, 2014. A 29-year-old British banker has been arrested in Hong Kong in connection with the grisly murder of two women, a rare occurrence in a city known for its low homicide rate. Hong Kong police said in a statement on Saturday that a 29-year-old foreign man had been detained earlier that day after two women were found dead in an expensive apartment in Wan Chai, a central city district known for its night life.The man has not been charged. Police declined to give the name or the nationality of the man, whom local media and a source with knowledge of the situation have identified as being a Bank of America Merrill Lynch banker. REUTERS/Tyrone Siu (CHINA - Tags: CRIME LAW BUSINESS) 

A general view of a high-rise apartment building (C) where the bodies of two women were found on November 1, at Hong Kong's Wan Chai district November 2, 2014. A Bank of America Merrill Lynch employee has been arrested in Hong Kong in connection with the murder of two women, a source with direct knowledge of the situation told Reuters. REUTERS/Tyrone Siu (CHINA - Tags: CRIME LAW BUSINESS) 

A policeman checks the crime scene in which two women's bodies were found in a flat at Hong Kong's Wanchai district November 2, 2014.A Bank of America Merrill Lynch employee has been arrested in Hong Kong in connection with the murder of two women, a source with direct knowledge of the situation told Reuters.REUTERS/Tyrone Siu (CHINA - Tags: CRIME LAW BUSINESS) 

A policeman checks the crime scene in which two women's bodies were found in a flat at Hong Kong's Wanchai district November 2, 2014.A Bank of America Merrill Lynch employee has been arrested in Hong Kong in connection with the murder of two women, a source with direct knowledge of the situation told Reuters.REUTERS/Tyrone Siu (CHINA - Tags: CRIME LAW BUSINESS) 

Julian Mylchreest, Co-Head of Global Energy & Power Investment Banking at Bank of America Merrill Lynch, listens to a speaker at the Oil & Money conference in central London, October 30, 2014. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS ENERGY HEADSHOT)