Fieldpoint Private Bank & Trust has recruited three advisors who combined managed $1 billion in assets at Morgan Stanley. The Greenwich Connecticut-based boutique founded by 31 Wall Street titans in 2008 is also planning an expansion into New York City in 2011.

Joining are H Frazier Caner and Samuel Gilliland Jr, who managed more than $200 million at Morgan Stanley Smith Barney, and David Rosenthal who advised on $800 million of institutional assets at Morgan Stanley Graystone Consulting.

The three hires, all of whom will serve as membership executives, represent new priorities for growth and service, the firm said in a statement.

"David will lead our institutional advisory team encompassing the entire institutional spectrum. Frazier and Sam are partners adding significantly to the breadth of our Wealth Management expertise," president and chief executive officer Robert Matthews said.

All three work in Greenwich. The expansion into New York City would mark the first outside of the tony Connecticut enclave.

The 31 founders subscribed more than $1 million each to capitalize the bank when it launched. In addition to three former Merrill Lynch chief executives - David Komansky, William Schreyer and Dan Tully – they include Jerome Kohlberg, co-founder of private equity firm Kohlberg, Kravis and Roberts, Joseph Grano, former chief executive of UBS Paine Webber and Tom Hughes, former head of Deutsche Asset Management.

Matthews joined in July. He is a 25-year veteran of Smith Barney and Citigroup, with executive management of its Global Private Banking, Wealth Management and Family Office services.

Fieldpoint provides private banking, business banking, wealth management and trust services and family office services. As of its second anniversary last spring it had $345 million in assets, $300 million in deposits and $200 million in loans.