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MSSB Adds Raft Of Advisors From Merrill, Credit Suisse, HSBC - Report

Eliane Chavagnon 16 March 2012

MSSB Adds Raft Of Advisors From Merrill, Credit Suisse, HSBC - Report

Morgan Stanley Smith Barney has bolstered its Massachusetts and New York offices with the addition of seven advisors who previously managed an aggregate $750 million in clients assets, Reuters reports.

Keith Long, Joseph Reilly and Jason Devito – formerly of Merrill Lynch - reportedly joined Morgan Stanley Smith Barney’s Wellesley, MA office earlier this month. 

At Merrill, the trio collectively managed $385 million of client assets. In their new roles at Morgan Stanley, they operate as the Long Reilly Devito group, reporting to complex manager David Swartz.

Long joined Merrill in 1984 and has nearly 30 years of industry experience, while Reilly and Devito started in 1987 and 1997 respectively.

It is also reported that Ilan Segev has joined Morgan Stanley’s private wealth management group - a division of Morgan Stanley Smith Barney - in Boston, MA. He will report to regional private wealth manager Jeff Swartz.

Previously, Segev worked at Credit Suisse, where he managed $191 million in client assets and raked in returns of $2.2 million last year. Prior to that, he was at Lehman Brothers. 

Meanwhile, Emir Culov, Amela Culov and Rebecca Rex - referred to as the Culov group - joined Morgan Stanley’s Buffalo, NY office, from HSBC.

Emir Culov, Amela Culov and Rex report to branch manager Mary Coulson. The trio previously managed $175 million in client assets and generated revenues of $1.3 million last year, according to the report.

In other news, the firm also recently added private wealth advisor Devin Condron - latterly of Merrill Lynch - to its Boston, MA office.

The firm has confirmed to Family Wealth Report that all the reported details are correct. 

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