MERRILL LYNCH INTERNATIONAL

Shareholders of Merrill Lynch International

Two registered members are disclosed. Note 1 to the company’s audited financial statements for the year ended 31 December 2025, approved on 17 March 2026, states that Merrill Lynch International is owned by BofAML EMEA Holdings 2 Limited, holding 80.1% of the ordinary shares, and BofAML Jersey Holdings Limited, holding 19.9%. Both are private companies incorporated in Jersey and registered at Level 1, IFC1, The Esplanade, St Helier, JE2 3BX; the Global LEI index records them as Jersey companies 119605 and 115831 respectively, both active at that address. Both interests are direct holdings of ordinary shares. Note 25 gives the issued capital as 7,933,027,945 ordinary shares of US$1.00 each, unchanged from 2024 and carried at US$7,933 million, and the balance sheet discloses that single class only, with no separate non-voting class. The two percentages reconcile against that issued capital, and with one class in issue the capital and voting proportions are the same.

The Companies House register of persons with significant control names one active entry, Bank of America Corporation, notified on 1 November 2023, under ownership of shares of 75% or more, ownership of voting rights of 75% or more, and the right to appoint or remove directors. That entry records an indirect position, not a direct holding: the two Jersey companies that hold the shares are unlisted companies incorporated outside the United Kingdom and so are not registrable relevant legal entities, and the register names the first registrable entity above them instead. The same register shows ML UK Capital Holdings Limited (company 04971231) as a ceased entry, notified on 6 April 2016 and ceased on 1 November 2023.

Ultimate beneficial ownership

No natural person is identified as a beneficial owner and none is asserted here. Note 1 states that the ultimate parent company and controlling party is Bank of America Corporation, a company organised under the laws of the State of Delaware and listed on the New York Stock Exchange under the ticker BAC, and that it is the parent of both the largest and the smallest group into which these financial statements are consolidated. Bank of America Corporation is a widely held listed company, so no effective ownership percentage for any individual can be calculated through the chain.

Data availability

Full at entity level: the registered members, their percentages, the share class and the issued capital are all disclosed in the company’s own filed accounts, and the percentages reconcile against the filed statement of capital. Jersey does not publish its company register free of charge and the Jersey Financial Services Commission registry could not be read during this review, so the two Jersey holders were corroborated through the Global LEI index rather than the Jersey register itself.

The provider data underlying this page states a single shareholder, ML UK Capital Holdings Limited, holding 100%, carrying a verification date of 16 September 2026. Both primary sources contradict it: the audited accounts name two Jersey holders at 80.1% and 19.9%, and Companies House records ML UK Capital Holdings Limited as having ceased to be a person with significant control on 1 November 2023. The share quantity, class, currency and nominal value in that same provider record are correct and do reconcile with note 25.

Sources

• Merrill Lynch International, Annual Report and Financial Statements for the year ended 31 December 2025 (notes 1 and 25, and statement of financial position), filed at Companies House 18 April 2026 — https://find-and-update.company-information.service.gov.uk/company/02312079/filing-history — retrieved 30 September 2026.
• Companies House, persons with significant control, MERRILL LYNCH INTERNATIONAL (02312079) — https://find-and-update.company-information.service.gov.uk/company/02312079/persons-with-significant-control — retrieved 30 September 2026.
• GLEIF, LEI record 549300ERPL5ILND1RK38 (BofAML EMEA Holdings 2 Limited) — https://api.gleif.org/api/v1/lei-records/549300ERPL5ILND1RK38 — last updated 14 August 2026, retrieved 30 September 2026.
• GLEIF, LEI record 549300DOPVDJNJN7YT56 (BofAML Jersey Holdings Limited) — https://api.gleif.org/api/v1/lei-records/549300DOPVDJNJN7YT56 — last updated 14 August 2026, retrieved 30 September 2026.

Directors and officers of Merrill Lynch International

Companies House records 262 appointments for Merrill Lynch International, held by 244 distinct people and corporate officers, of which 9 are current and 253 have ended. The current officers are eight directors and one company secretary. Counted as appointments rather than people, 18 individuals on the register have held two appointments each.

The serving directors, with the appointment date and the nationality recorded by the register, are Bernard Amponsah Mensah (15 June 2015, British), Pierre Jacques Philippe de Weck (4 June 2018, Swiss), Thomas Dunne Woods (10 March 2020, Canadian), Martina Slowey (22 September 2022, Irish), Clare Louise Francis (5 April 2024, British), Brian Keith Weinstein (7 July 2025, American), Judith Elizabeth Eden (1 September 2025, British) and Fernando Vicario (23 January 2026, Spanish). The company secretary is a corporate officer, not a natural person: Merrill Lynch Corporate Services Limited, a private limited company registered in England and Wales under number 04929251, appointed on 28 November 2003.

The register records country of residence as a separate field from nationality. It gives Switzerland for Mr de Weck and Canada for Mr Woods, and the United Kingdom for the other six directors. The correspondence address shown for every current officer is the company’s registered office at 2 King Edward Street, London, and is a service address rather than a residential one. The company’s 2025 financial statements record that Fernando Vicario was appointed a director and chief executive officer on 23 January 2026, the date regulatory approval was received, and that Bernard Mensah stepped down as chief executive on that date while remaining on the board; the accounts were signed on behalf of the board by F. Vicario as chief executive officer and director on 17 March 2026.

Recent officer changes

• Rosemary Prudence Thorne resigned as a director on 3 August 2026, having been appointed on 3 August 2017 (Companies House officer record).
• Richard John Keys resigned as a director on 31 May 2026, having been appointed on 17 May 2017 (Companies House officer record).
• Fernando Vicario was appointed a director on 23 January 2026 (Companies House officer record; the 2025 directors’ report gives the same date and states that regulatory approval was received that day).

Data availability

Full. The United Kingdom register publishes current and former directors and secretaries with appointment and resignation dates, month and year of birth, nationality and country of residence; nationality is recorded for 261 of the 262 appointments, the exception being the corporate secretary, for which it does not apply. Occupation is not published on this record. The register’s own nationality values are not standardised — United States citizenship alone appears in six different spellings across the historical appointments.

The provider officer data underlying this page does not reconcile with the register, in both directions. It carries 276 rows against the register’s 262 appointments. Twenty-four of those rows are surplus: twenty-one single appointments are each stored twice, once with an appointment date and once with no date at all, and three further rows (one secretaryship and two directorships) are exact duplicates. Ten register appointments are absent altogether, all of them directorships, including both appointments recorded for one individual under two spellings of the same name and the second of two appointments held by three other people. One director’s surname and forenames are split incorrectly, storing “Bartmann, Flavio Celso” as a forename of “Flavio” and a surname of “Celso Bartmann”.

Historical appointment dates before 1993 should not be relied on. The register does not give an appointment date for 64 of the 262 appointments, marking 63 of them “Appointed before 5 April 1992” and one “Appointed before 23 June 1995”. The provider data converts those markers into exact dates: 50 are stored as the boundary date itself, which the register states the appointment preceded rather than fell on. Eleven more carry dates the register does not assert for anyone, seven of them the single value 30 March 1992. Three of those are impossible against the register’s own marker, being later than the boundary the appointment is stated to precede. Where the register gives a genuine exact date, the stored value matches. The nine current appointments and their dates are correct, as are the three resignations listed above. The provider data carries no nationality field at all, so the nationalities above come from the register.

Sources

• Companies House, officers of MERRILL LYNCH INTERNATIONAL (02312079), all eight pages of the appointment list — https://find-and-update.company-information.service.gov.uk/company/02312079/officers — retrieved 30 September 2026.
• Companies House, company overview for MERRILL LYNCH CORPORATE SERVICES LIMITED (04929251) — https://find-and-update.company-information.service.gov.uk/company/04929251 — retrieved 30 September 2026.
• Merrill Lynch International, Annual Report and Financial Statements for the year ended 31 December 2025 (company information, directors’ report and statement of financial position), filed at Companies House 18 April 2026 — https://find-and-update.company-information.service.gov.uk/company/02312079/filing-history — retrieved 30 September 2026.

Group structure of Merrill Lynch International

Merrill Lynch International is part of the Bank of America group. Its 2025 strategic report names its immediate parents as BofAML EMEA Holdings 2 Limited and BofAML Jersey Holdings Limited, together defined in that report as the Jersey Intermediate Holding Companies, and its ultimate parent as Bank of America Corporation, a Delaware corporation listed on the New York Stock Exchange. Note 1 adds that Bank of America Corporation is the parent of both the largest and the smallest group into which the company’s results are consolidated, wording that excludes any intermediate consolidating sub-group between the two. The strategic report describes Merrill Lynch International as Bank of America Corporation’s largest entity outside the United States. Bank of America Corporation’s own Exhibit 21 to its Form 10-K for the year ended 31 December 2025, filed with the Securities and Exchange Commission on 25 February 2026, lists Merrill Lynch International of London, United Kingdom among its direct and indirect subsidiaries.

Note 15 to the 2025 accounts lists eight direct subsidiary undertakings, all held 100%: seven incorporated in the United Kingdom and registered at the company’s own registered office, and one in Brazil. The company also holds controlling interests in a number of special purpose entities, incorporated mainly in the Cayman Islands together with one each in South Africa, Luxembourg and the United Kingdom, which are carried at fair value within trading assets rather than consolidated. The United Kingdom, Jersey, the United States and Brazil are the jurisdictions represented in the verified structure below. The information is as at 31 December 2025 unless a later date is shown.

Verified corporate relationships

The registration numbers for the seven United Kingdom subsidiaries were confirmed individually against Companies House, and all seven are recorded as active with the same registered office as Merrill Lynch International. The Jersey numbers come from the Global LEI index; the Jersey register itself could not be read.

Recent structural changes

• On 1 November 2023 the holding relationship between Merrill Lynch International and ML UK Capital Holdings Limited was reversed. ML UK Capital Holdings Limited ceased to be a person with significant control of Merrill Lynch International on that date, Bank of America Corporation was notified as Merrill Lynch International’s person with significant control on the same date, and Merrill Lynch International was notified as ML UK Capital Holdings Limited’s own person with significant control, also on that date. Merrill Lynch International now appears on ML UK Capital Holdings Limited’s register at 75% or more of shares and voting rights.
• MLPF&S Limited was dissolved on 19 August 2025. Note 15 records no other change to subsidiary undertakings or holding percentages during the year, apart from a capitalisation and redemptions of Iceberg.

Data availability

Full for this entity’s own position. The immediate parents, the ultimate parent and every direct subsidiary with its holding percentage are stated in the company’s filed accounts, and the United Kingdom entities are independently verifiable at Companies House. The structure above the Jersey holding companies is not fully verifiable from free sources: the Jersey register is not publicly searchable without charge and Bank of America Corporation’s Exhibit 21 is a selective list of significant subsidiaries rather than a complete group tree, so intermediate entities between the Jersey companies and Bank of America Corporation cannot be confirmed or excluded from public filings.

The provider group tree underlying this page places Merrill Lynch International beneath ML UK Capital Holdings Limited. That is inverted: ML UK Capital Holdings Limited is one of Merrill Lynch International’s own 100% subsidiaries under note 15, and Companies House records Merrill Lynch International as its controlling entity since 1 November 2023. The same tree presents the two Jersey companies as a vertical chain rather than as co-parents holding directly, omits ML UK Capital Holdings Limited and Iceberg from the subsidiary list, and adds two entities that the audited subsidiary note does not include, an Irish and a Luxembourg entity. Six of the eight subsidiary nodes it does carry are correct, with correct registration numbers.

Sources

• Merrill Lynch International, Annual Report and Financial Statements for the year ended 31 December 2025 (strategic report, notes 1 and 15), filed at Companies House 18 April 2026 — https://find-and-update.company-information.service.gov.uk/company/02312079/filing-history — retrieved 30 September 2026.
• Companies House, persons with significant control, MERRILL LYNCH INTERNATIONAL (02312079) — https://find-and-update.company-information.service.gov.uk/company/02312079/persons-with-significant-control — retrieved 30 September 2026.
• Companies House, persons with significant control, ML UK CAPITAL HOLDINGS LIMITED (04971231) — https://find-and-update.company-information.service.gov.uk/company/04971231/persons-with-significant-control — retrieved 30 September 2026.
• Bank of America Corporation, Exhibit 21 to Form 10-K for the year ended 31 December 2025, filed 25 February 2026 — https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/bac-1231202510xkex21.htm — retrieved 30 September 2026.
• GLEIF, LEI records 549300ERPL5ILND1RK38 and 549300DOPVDJNJN7YT56 — https://api.gleif.org/api/v1/lei-records/549300ERPL5ILND1RK38 — last updated 14 August 2026, retrieved 30 September 2026.