Key facts
- Paul V. Morris, a private wealth adviser, has left Merrill Lynch.
- Morris's name appeared in Department of Justice files related to Jeffrey Epstein.
- A Bank of America spokesperson confirmed Morris's departure.
- Morris joined Merrill in August 2016.
- Epstein was not a client of Merrill Lynch.
The departure of Paul Morris, a financial adviser whose name appeared in Department of Justice files concerning Jeffrey Epstein, from Bank of America's Merrill unit is significant due to the increased scrutiny on financial institutions' ties to Epstein. Morris's exit, confirmed by a company spokesperson, raises questions about due diligence and potential reputational risks, even though Epstein was not a client of Merrill.