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NEW YORK, May 5 (Reuters) - Morgan Stanley said on Tuesdayit hired six financial advisers since the start of May fromrival brokerage firms UBS AG and HSBC Securities (USA)Inc, where they collectively managed $1.6 billion inclient assets.
Most of the advisers joined Morgan Stanley from UBS. PhilHanna, Jr., and Brent Stern, based in Louisville, Kentucky,joined Morgan Stanley's office there from UBS, where they managed $130 million in client assets and produced $1.5 millionin revenues over the previous 12 months.
Greg Fullmer, Daniel Hawkins and Douglas Dyakon joinedMorgan Stanley's Private Wealth Management division in LosAngeles, also from UBS. The financial advisers, along withassociates Joel Russak, Alex London, Emma Goodman and J.B.Kalin, managed around $1.3 billion in client assets at UBS.
UBS declined to comment.
Jimena Hails joined Morgan Stanley in Miami from HSBC. Hails managed $200 million in client assets and produced $1.25million in fees and commissions over the last year for the HSBCsecurities division.
HSBC did not immediately respond to request for comment. (Reporting by Elizabeth Dilts. Editing by Andre Grenon)
