posted on April 04, 2012 20:30
Merrill Lynch is in fact coming to Masse Place. The brokerage firm made the formal announcement Wednesday that growth in residents and wealth was a major factor in their choice to build in Batavia.
Buffalo’s Merrill Lynch Managing Director Martin Anderson says the firm is excited to be apart of the future of Genesee County.
"We did both economic and demographics anaylasis that suggested to us five years ago that Batavia was an attractive place to locate a branch office for Merrill Lynch,” said Anderson.
The Batavia branch of Merrill Lynch will be led by Associate Resident Director Joshua Dent. Upon opening, the branch will employ 11 people, some of which reside in Batavia, but are currently working at other branches. Dent said he began is financial career in Batavia and is glad to be back.
“Many of us have built our books with individuals and businesses in Batavia and due to a number of different circumstances we were all removed from the area and doing business in other places. Now we kept our relationships with a lot of those people, but we haven’t had the ability to do all the face to face that we like to do and were going to get that back,” said Dent.
Dent said that over the next few years the firm plan to hire five to seven more advisors and support staff.