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STREET MOVES: UBS Hires $1 Billion Adviser Team From Merrill Lynch

Date : 11/21/2012 @ 10:14PM
Source : Dow Jones News
Stock : Ubs AG (Switzerland) (UBS)
Quote : 17.68  -0.08 (-0.45%) @ 5:30AM
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STREET MOVES: UBS Hires $1 Billion Adviser Team From Merrill Lynch

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   By Corrie Driebusch 
 

UBS AG's (UBS, UBSN.VX) U.S. wealth-management arm has hired a trio of financial advisers managing more than $1 billion from Merrill Lynch.

The Anning Group's Robert D.H. Anning, John H. Anning and Tollie Chavis have joined UBS Wealth Management Americas in Cincinnati, according to the firm.

The team most recently worked at Merrill Lynch, where they managed more than $1 billion and generated roughly $3 million in revenue from commissions and fees in the past year.

Robert Anning has worked at Merrill for more than 40 years, according to Financial Industry Regulatory Authority records.

John Anning joined Merrill in 1996, according to Finra records, and Ms. Chavis has been with the firm for more than 25 years.

A Merrill Lynch spokeswoman declined to comment.

(Street Moves chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and who manage more than $100 million in client assets.)

Write to Corrie Driebusch at corrie.driebusch@dowjones.com;

Subscribe to WSJ: http://online.wsj.com?mod=djnwires




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