Oct 20 (Reuters) - The private banking and investment unit of Merrill Lynch, a part of Bank of America Corp, recruited a team of investment advisers from UBS Financial Services.
Kanwar Singh, Rajeev Rathi and Steve Coleman, who have more than $500 million in assets under management, joined Merrill Lynch’s Chicago office last week.
Singh and Rathi worked as senior vice-presidents, wealth management, at UBS Financial, a unit of UBS AG.
The advisers report to Brett Thelander, managing director and head of the private banking and investment unit for mid-America at Merrill Lynch.
A UBS spokesman declined to comment on the departures. (Reporting by Amrutha Gayathri in Bangalore; Editing by Maju Samuel)