Merrill Lynch nabs $1B team from UBS
By Sarah Martinson
Despite a planned recruiting slowdown, Merrill Lynch continues to land new teams.
The firm’s newest hires, who oversaw $1 billion team in client assets, come from rival UBS and follow on the heels of an equally large hire.
Advisers Joseph Gabriele and Paul Vasady-Kovacs joined Merrill Lynch’s New York office, the firm said. While at UBS, they generated $7 million in annual revenue, according to Merrill.