JPMorgan Securities has recruited a $1.1 billion group from Merrill Lynch.
The Campbell Group, which made the move in San Francisco earlier this month, is led by Gwen Campbell and includes Derek Popp, Brian Mascatello and Timothy Cahyadi. Its yearly fees and commission are roughly $4 million.
According to FINRA BrokerCheck, Campbell has been in the business for 25 years and spent the past 12 years at Merrill. Earlier, she was with UBS and Goldman Sachs.
“My team and I are very excited to be joining J.P. Morgan, leaders in financial services and wealth management,” Campbell said in a statement.
“J.P. Morgan offers the resources my clients deserve and unique career opportunities not available at other firms to my team,” she added.
“I am very excited to have Gwen and her team joining J.P. Morgan … ,” said JPMorgan Securities CEO Chris Harvey, in a statement.
“This announcement shows our ongoing commitment to offer an exceptional service to our clients and to keep investing in the Bay Area,” Harvey added.