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Merrill Lynch hires 3 UBS financial advisers

Roger Berry, Felix Erbring and Ted Gray, former brokers at UBS Group AG, have joined Merrill Lynch's private banking and investment group, The Wall Street Journal reported.

Berry, Erbring and Gray, who managed about $466 million in assets, now belong to a team that specializes in clients with assets of $10 million or more, according to the report.