At Morgan Stanley, Aigner-Perry team ran more than $425 million in assets. Morgan Stanley's highest-producing retail-brokerage team in Houston has upped stakes for UBS.

David Aigner and Christopher Perry, who managed $428 million in client assets and generated $3.43 million in trailing 12-month production through fees and commissions, joined UBS' Houston branch on 1 January 2009. Aigner had been with Morgan Stanley for 26 years; Perry for 11 years, according to FINRA records.

Mergers

Morgan Stanley has just agreed to a retail-brokerage joint venture with Citigroup. The venture amounts to a merger of Morgan Stanley's Global Wealth Management group with Citi's Smith Barney, with Morgan Stanley at the helm.

Patrick Dowd joined UBS from Wachovia Securities in Houston earlier this month. In fact his latest move is a return of sorts. Dowd joined PaineWebber in Weehawken, N.J., in late 1996; by the time he left that firm in mid 2001, it had become part of UBS. While at Wachovia, he brought in $2.1 million in trailing 12-month production on client assets of $287 million.

Wachovia, along with its brokerage business, have recently been acquired by Wells Fargo. -FWR

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