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Bank of America's Merrill Lynch unit has named Citibank executive Fabio Concesi as an international wealth strategist.

Reuters reports that Concesi, who joined Merrill Lynch's Miami office on January 7, will advise global clients throughout Latin America as part of the strategic wealth advisory group.

In the meantime, Reuters also reports that RBC Wealth Management, a unit of Royal Bank of Canada, has hired a team of brokers from Bank of America's Merrill Lynch unit.

The team, known as Prentice Group, comprises financial advisers Tom Prentice, Young Chung, and client associates Tricia Prentice and Stephanie Barsness.

BofA Merrill Lynch hires Fabio Concesi from Citibank

RBC Wealth lands brokers from BofA Merrill Lynch

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