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Bates News  |  08-31-22

Bates Welcomes Paul Lambert, Former Bank of America Chicago Market President and Merrill Lynch Midwest Division Executive, as a Strategic Advisor and Consulting Expert

Continuing to grow and expand its national reach, Bates Group welcomes Paul Lambert as a Strategic Advisor and Consulting Expert. A 30-year financial services veteran at Bank of America Merrill Lynch, Paul was most recently Bank of America Chicago Market President and Merrill Lynch Midwest Division Executive, overseeing 14 Midwestern states with 2,500 advisers across 110 offices. In those positions, Paul successfully shaped strategy, served clients across the entire company, improved revenue and financial performance, fostered a well-supervised business that prided itself on strong compliance, and drove record employee engagement. At Bates, Paul will be working with senior leadership to expand our client engagement across the business.

Paul also served as a Regional Managing Director, leading Merrill’s ultra-high net worth business in the Midwest, and as Director of the Merrill Lynch New York Capital Complex, based in Albany, New York, where he earned special recognition as one of the Capital Region’s “Best Places to Work” in 2005 and 2006, as well as the 2007 Capital Region Human Resources Association “Spectrum Award” for promoting diversity and inclusiveness in the workplace. Paul has also held many national strategy, leadership, and coaching roles.

Paul joined Merrill Lynch in 1992 as a Financial Advisor in the Rochester, New York office where he founded and grew a wealth management business to a team of six associates working with more than 400 HNW clients and $200 million in assets. He maintains FINRA Series 3, 7, 8, 31, 63, and 65 licenses and is also a Certified Investment Management Analyst (CIMA) and Chartered Retirement Planning Consultant (CRPC).

Outside of financial services, Paul has served on the Board of Trustees for the Art Institute of Chicago, Chicago Community Trust, Civic Committee of the Commercial Club of Chicago, and Albany Medical Center. He also helped develop and launch We Rise Together, an initiative to promote an equitable and just recovery post-pandemic.

“We are looking forward to working with Paul, a highly accomplished executive and industry leader whose insights and decades of exceptional success will benefit Bates clients across the board,” said Bates Group CEO Jennifer Stout.

Read Paul's Full Bio Here.