June 1 (Reuters) - Paul V. Morris, a private wealth
adviser whose name appeared in the Department of Justice files
on disgraced sex offender Jeffrey Epstein, has left his position
at Merrill Lynch, a unit of Bank of America ( BAC ), a company
spokesperson said.
A company spokesperson confirmed the departure, first
reported by Bloomberg News, but the spokesperson declined to
specify when it occurred. There was no indication whether his
departure was related to his ties to Epstein.
Morris joined Merrill in August 2016, his LinkedIn profile
shows. The Epstein documents showed that in his role at Merrill,
Morris was in touch with Epstein's assistant and the financier's
accountant between 2017 and 2018.
Morris previously held positions at JPMorgan Chase ( JPM )
and Deutsche Bank, DoJ documents show. His name appears several
times in the Epstein files. In one file, his name appeared as
part of a JPMorgan ( JPM ) team that approved Epstein as a client in
2011. https://www.justice.gov/epstein/files/DataSet%2010/EFTA01480927.pdf
JPMorgan ( JPM ), the largest U.S. bank, faces lawsuits from women
who claim Epstein sexually abused them, as well as litigation
from the U.S. Virgin Islands, where Epstein maintained a
residence.
Epstein was not a client of Merrill Lynch, the wealth
management arm of Bank of America ( BAC ), according to a person
familiar with the matter.
Morris could not be reached by telephone, and did not
immediately reply to a request for comment on LinkedIn or his
Merrill Lynch email.
Morris had consulted Epstein repeatedly after joining Bank
of America ( BAC ), according to Bloomberg.
Morris led the Morris Group within Merrill Private Wealth
Management, his LinkedIn profile shows.
Scrutiny has intensified on the ties between major financial
institutions and Epstein, who died in prison in 2019 while
awaiting trial on federal sex trafficking charges. Epstein's
death at the Metropolitan Correctional Center in New York City
was ruled suicide.
The Wall Street Journal previously reported that JPMorgan
Chase ( JPM ) bankers continued to meet with Epstein even after the bank
decided to close his accounts in 2013.
Similarly, Department of Justice files revealed that
Deutsche Bank continued to service Epstein's accounts after
informing him in late 2018 that it would end their relationship,
only fully severing ties following his arrest in July 2019.