Bank of America Merrill Lynch said today that it had hired away a Morgan Stanley team that made nearly $4 million in fees and revenues last year. Merrill’s latest recruits include John Mirsepahi, Matthew Cali and Matthew Zamora, and the team has joined its office in New York.
“Merrill Lynch is pleased to have this experienced team,” said complex director Michael Simonds, in the Merrill Lynch statement. “John has clearly demonstrated success in the New York City marketplace over the past 20 years and as a Chairman’s Club producer at Morgan Stanley for the past nine years; we look forward to his continued success.”
Mirsepahi’s group of brokers services ultra high net worth clients and family offices on fixed income investments, liability management and alternative investments.
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“My decision to join Merrill Lynch is the result of an extensive amount of industry due diligence, ultimately driven by what I believe will be in the best interests of our clients,” said Mirsepahi, in a statement. “In short, we will be able to take advantage of the combined strengths of the top wealth management organization, Merrill Lynch, along with the market leading banking, lending and financial stability of Bank of America.”