An adviser quit Deutsche Bank to rejoin Merrill Lynch, a spokeswoman said.
Paul Morris worked at Merrill from 1997 to 2002, according to FINRA BrokerCheck records. He later worked for Barclays and J.P. Morgan Securities before moving to Deutsche Bank in 2012.
He now rejoins Merrill as part of the Private Banking & Investments Group in New York, according to a spokeswoman for the wirehouse who declined to provide his AUM and production.
Revenue continues to fall for the industry's largest brokerages, but lending remains strong.
A spokeswoman for Deutsche Bank declined to comment on the adviser's departure.
Morris is one of a growing number of advisers that Merrill Lynch has rehired after they had previously left the firm.
The wirehouse recently recruited back Habib Yousefzadeh from Morgan Stanley.
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He worked at Merrill from 2002 to 2009, leaving to join Morgan, according to FINRA BrokerCheck. Yousefzadeh managed $110 million in client assets and generated more than $1.1 million in annual revenue, according to a spokeswoman.
