Abbot Downing, the ultra-high-end wealth management business of Wells Fargo, has nabbed industry veteran Paul Cummings from Merrill Lynch to serve as regional managing director for the Northeast Region. Cummings will oversee the delivery of asset management, banking, planning, trust and fiduciary, and family dynamics services through offices in New York and Philadelphia, the bank announced Thursday.

Cummings was formerly managing director and head of Channel Management for Merrill Lynch’s Managed Solutions Group, responsible for client segment solution delivery and strategic planning and execution for the institutional, international, U.S. trust and Merrill Edge channels. Prior to that, he led the Institutional Investments Group.

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