* He was first Afro-American wirehouse broker in Mississippi
* Merrill's private banking group separately hired UBS team
NEW YORK Oct 3 Garry Bridgeman, a Merrill Lynch
broker for more than 34 years, has joined Morgan Stanley's
Graystone Consulting unit in Atlanta.
Bridgeman, who joined Morgan Stanley on Sept. 26, generated
$1.9 million of fees and revenue over the past 12 months and has
a high industry profile, according to a Morgan Stanley
He was the 2008-2009 board president of the Investment
Management Consultants Association, which credentials advisers
active in portfolio management, and was the first
African-American to be hired by a major broker-dealer in
Mississippi, according to Morgan Stanley.
Graystone focuses on institutional clients within wealth
management, such as philanthropic organizations, foundations,
local government entities, and wealthy individuals and their
The firm declined to disclose the total client assets that
Bridgeman helps manage.
Bridgeman, who said he is 60, began working for Merrill in
Jackson, Mississippi, in 1979. He most recently worked in the
private bank and investment group of Merrill, which was sold in
2009 to Bank of America.
Separately, Merrill said its private banking group hired a
four-person team of brokers who manage over $1 billion of client
assets from UBS AG's U.S. private wealth management
Stephen Ruvituso, Lee Konopka, Robert Matluck, and Todd
Stankiewicz joined Merrill's White Plains, New York complex on
Sept. 27. The team generated production of more than $11 million
over the past 12 months, a Merrill spokeswoman said.