Thomas J. Sanzone has been appointed executive vice president and chief administrative officer of Merrill Lynch, reporting to chairman and CEO John A. Thain.
He will join the firm in the second half of 2008 and have responsibility for Merrill Lynch’s global technology, operations, and corporate services groups. Sanzone, 47, was most recently chief information officer of Credit Suisse since 2005. Prior to that, he was chief information officer for Citigroup’s Corporate and Investment Bank, the Private Client Group, and the Global Transaction Services business.
“We are very pleased to have Tom Sanzone join the senior management team of Merrill Lynch. Our ability to continually leverage technology to provide clients with seamless execution and dynamic service is a major competitive advantage. Tom brings years of industry experience in technology, operations, and services and will help us continue to align these critical functions with our business strategies globally,” says Thain.
As chief administrative officer, Sanzone will be responsible for global client services and operations; technology applications development and infrastructure; business process and sourcing strategies; information security; and global real estate, purchasing, and services.
Sanzone began his career at Salomon Brothers in 1984 as a programmer analyst in the Mortgage Trading Systems area. In 1991, he was appointed senior operating officer for Fixed Income and Equity Sales Trading and in 1996 was named managing director and head of Global Application Development. Sanzone received a bachelor’s of science degree from Hofstra University.