People Moves
More Hires At Merrill Lynch From Barclays, UBS

Merrill Lynch Global Wealth Management has made five more hires this week, four of which joined from Barclays.
Merrill Lynch has hired three financial advisors: David Munoz in White Plains, NY, from UBS, and Jason Hutton and Steven Gottlieb in NYC, from Barclays.
At UBS – which he joined in 2008 – Munoz produced $2 million in annual revenue. At Merrill Lynch, he now reports to Matt Grossman, managing director of the White Plains-Greenwich, CT, market.
Hutton and Gottlieb report to managing director Joseph Doonan and serve UHNW clients. They managed around $520 million at Barclays and for nearly two decades have focused on Master Limited Partnerships.
Meanwhile, Merrill Lynch’s private banking and investment group also recruited two private wealth advisors from Barclays.
Jim Ertmann and Ben Foster formed The Ertmann – Foster Group in 2008 and are based in Chicago, IL, serving UHNW clients throughout the Midwest as well as across the US.
The team managed over $800 million in client assets at their former form, representing $5.8 million in production. They now report to PBIG mid-America regional managing director, Brett Thelander.
Also this week, Merrill Lynch's private banking and investment group recruited Peter Kong and John Shaw from Barclays in San Francisco, CA.
Merrill Lynch Global Wealth Management contains multiple business lines within Bank of America’s wealth and investment management division including Merrill Lynch Wealth Management (North America and International), Merrill Lynch Trust Company and Private Banking and Investment Group. As of June 30, 2015, MLGWM entities had over $2.5 trillion in client balances.