Merrill Lynch, the private wealth and investment banking arm of Bank of America Corp. in Charlotte, N.C., announced Wednesday that it has hired local money manager Bruce Munster and his nine-person wealth management team from New York investment bank Morgan Stanley.

Munster and his team manage more than $1.2 billion. They will work out of Merrill Lynch’s Century City office, moving from a Morgan Stanley office in Woodland Hills.

“Bank of America can be a party to any sized deal – whether a client needs corporate finance, investment banking or M&A counsel,” Munster said in a press release announcing the move. “Joining Bank of America/Merrill Lynch will help open even more meaningful relationships with new and existing clients.”

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