BofA Merrill Lynch Hires Head of Personal Retirement Services

David Tyrie is joining Bank of America Merrill Lynch to lead Personal Retirement Solutions.

In this role, Tyrie will be responsible for delivering personal retirement solutions in partnership with Merrill Lynch Wealth Management, Merrill Edge, the Consumer Bank and the company’s Institutional Retirement business, focusing on individual retirement income solutions, retirement education and planning, IRA products and rollover process, employee advice solutions, and 529 plan products.

Tyrie replaces Aimee DiCamillo, who left in April and will report to Andy Sieg, head of Retirement & Philanthropic Services (RPS) (see “BofA Brings in New Heads for Retirement, Wealth Management”).

Tyrie most recently served as  Managing Director, Global Products and Marketing at Putnam Investments where he was responsible for product management and marketing within Putnam’s Retirement Services business, including 401(k), Taft Hartley, IRA rollover, brokerage, and investment only business lines. He had previously served as a Managing Director of Putnam’s Corporate Internet Strategy, responsible for the businesses development and implementation of advanced product and service delivery and digital strategies. Prior to joining Putnam, Tyrie held various roles with Fidelity Investments and MFS. He holds a Bachelor of Science degree in psychology from St. Lawrence University.

“David’s seasoned and unique experience with both Personal and Institutional Retirement businesses and proven leadership skills will further strengthen our current momentum. His addition to our organization builds on the integrated foundation we have in place for our Personal Retirement platform and will help us to capture and drive considerable growth in this client segment,” said Sieg, in an internal announcement.

Sieg recently expanded the retirement team with two other hires (see “BofA Merrill Lynch Adds Two to Retirement Team”).