Macquarie Banking and Financial Services has appointed Eric Schimpf as head of Macquarie Private Wealth.
Schimpf replaces Peter Coleman, who left the firm late last year.
Schimpf previously worked at Merrill Lynch in the US private client group as regional managing director.
In the role he was responsible for Merrill Lynch's operations in the south-eastern US.
"Eric believes in providing advisers with a culture based on service and respect for the relationship between financial advisers and clients," Macquarie Banking and Financial Services Group head Peter Maher said.
Macquarie Private Wealth has 425 advisers.
