Advisors with nearly $2.5 billion in combined assets under management have joined UBS offices in Boston, Chicago and Cincinnati, according to the firm.

Former Credit Suisse advisors Jonathan Galli, Alex Martinelli, Simon Clarke and Mitch Riesenberger have moved to UBS's office in Boston with roughly $1.1 billion in combined AUM, according to the firm. They will report to Boston Managing Director Jim Ducey and Executive Director Troy Erickson, UBS reports.

Galli, who previously worked at UBS from 1986 to 2008, is rejoining the firm with nearly $440 million in AUM after spending the last seven years with Credit Suisse, according to FINRA. Galli first started in the securities industry with Eastern Capital in 1983, according to BrokerCheck records. Martinelli brought over $153 million in AUM from Credit Suisse and is also rejoining the firm after getting his industry start with UBS in 1996, FINRA records show.

Clarke previously worked for Donaldson Lufkin & Jenrette Securities before it was acquired by Credit Suisse in 2000, according to BrokerCheck. Clarke has roughly $345 million in AUM, according to UBS. Riesenberger, who oversees $158 million in AUM, has worked with Clarke since joiningDonaldson Lufkin & Jenrette Securities in 1999, FINRA says. He got his start in the industry with First Union Capital in 1999, according to BrokerCheck.
The firm also added former Credit Suisse Advisor Betsy Nelson to its office in Chicago, according to UBS. Nelson, who oversees $360 million in AUM, will report to Michael Gatewood, head of the firm's private wealth management market in Chicago, the firm says.

Before joining Credit Suisse in 2002, Nelson worked for Donaldson Lufkin & Jenrette Securities and Kemper Financial Services, where she got her industry start in 1992, according to FINRA.

Meanwhile, UBS says the firm lured a former Wells Fargo team with $1 billion in AUM.

The Rinehart Sussli Financial Group; which specialized in retirement planning, institutional consulting and retail, has moved to UBS at the firm's office in Kenwood, Ohio, according to the firm. The team -- Senior Vice President Ken Rinehart, Senior Vice President Michael Sussli and advisor Kevin Ruther -- will report to Troy DeBord, managing director and complex director of the firm's Cincinnati/Kenwood division, the firm says.

Before working for Wells Fargo, Rinehart gained experience with Legg Mason, Salomon Smith Barney and Lehman Brothers, where he got his industry start in 1987, according to FINRA. Sussli previously worked for UBS from 1995 to 2007 before spending two years with Kidder Peabody, BrokerCheck records show.

Wells Fargo offered Credit Suisse advisors a recruiting bonus of up to 300% of their annual production, according to people familiar with the matter.

UBS recently lured a former Credit Suisse team with $1.8 billion in AUM to the firm's office in Century City, Calif.

Read more: