Morgan Stanley landed a $3.2 million producer in the latest recruiting grab resulting from its deal to hire Credit Suisse advisors who specialize in Latin American clients, a source with knowledge of the move said.

Francisco Montes had about $500 million in client assets before jumping to the wirehouse last week, said the source, who did not have permission to discuss the move publically and asked not to be named. Montes was stationed in Miami while working for Credit Suisse and will remain there under Morgan, the source said.

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