UBS Private Wealth Management has added The Binder, Chiate, Oratz & Brown Team in Los Angeles, CA, from Merrill Lynch’s private banking investment group. The team manages $3.1 billion in assets and liabilities.

Binder, Chiate and Oratz all spent the last 13 years as managing directors within the private banking and investment groups at Merrill Lynch, UBS said.

Prior to Merrill, Binder spent eight years at Goldman Sachs, where he was a vice president in the private client services division.

Chiate also spent eight years at Goldman Sachs, where he began his career as a financial analyst in the investment banking division and later served as a vice president in the private client services division.

Prior to Merrill, Oratz spent seven years at Goldman Sachs as a vice president in the private client services division. He also spent two years at JP Morgan, where he served as a relationship manager and credit analyst in the private bank.

Prior to joining UBS, Brown spent ten years in the private banking and investment group at Merrill Lynch.