Morgan Stanley Smith Barney announced Thursday it hired Lisa Cregan, a former UBS manager, to run its brokerage offices in Houston.

Cregan, who replaced Mary Mullis, will run three offices that collectively have 131 financial advisors. Mullis was named as the unit's southeast regional director.

Cregan who worked for UBS for 26 years, was most recently head of UBS' brokerage office in Dallas. She also ran UBS' women's development advisory group