David Harris, who reportedly has more than $300 million in assets under management, moved to UBS Securities from Smith Barney on April 30, according to the NASD database. Harris, based in Houston, who has written for Registered Rep., was with Smith Barney for 15 years, but elected to move to the UBS office where Pat Mendenhall is the branch manager. The firm, which has been steadily growing its private wealth management division in the last year, also recently scooped up Jose Cornide, Jr., who, according to sources, has more than $400 million in AUM, from Goldman Sachs. Cordine, who had been with Goldman for eight years, is based in Miami.
UBS Securities did lose a broker to upstart wealth manager Mercury Wealth Management, based in Connecticut. Troy Jordan joins the Mercury team in its Avon, Conn., branch. Jordan reportedly has nearly $100 million in assets under management. Mercury is a subsidiary of Boston-based independent broker/dealer Cantella & Co., which employs more than 250 reps nationwide.
Carol Rogers, and her team of eight, recently moved to Linsco/Private Ledger. Rogers & Co., based in St. Louis, which was one of the largest-producing teams in Wachovia Securities' FINet system, was affiliated with Wachovia and its predecessors, First Union and J.W. Genesis, for nine years. The team has approximately $145 million in assets under management.
Charlie McCool, a large producer who worked at Sanford C. Bernstein for the last five years in New York, recently moved his practice to Morgan Stanley, according to the NASD database. He is still based in New York.
Masakazu (Max) Kobayashi joins Bear Stearns as head of fixed-income sales and strategic finance of Japan. He previously was managing director of Merrill Lynch's global Japan client group for five years, and was also once president of Lazard Asset Management's Japan arm. Kobayashi will also serve as vice-chairman of the firm's Japan Ltd. arm.