UPDATE 1-ON THE MOVE-BofA Merrill Lynch hires adviser from RBC

Tue Mar 10, 2015 12:07pm EDT
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(Adds RBC confirmation on departures)

March 10 (Reuters) - Bank of America Corp's Merrill Lynch unit has hired financial adviser Ronald Slevin and his wealth management team from Royal Bank of Canada for its New York office.

Slevin and his three-person team managed more than $300 million in assets at RBC and had over $2.5 million in annual fees and commissions, Merrill Lynch said on Tuesday.

The team comprises George Gladman, Jared Stone and client associate Jeffrey Tucker.

A RBC spokeswoman confirmed the departures. (Reporting by Neha Dimri in Bengaluru)