The Wall Street Journal reported Swiss bank UBS lifted a team of three from merger advisory boutique Evercore among other hires.

According to an internal memo from Ros Stephenson, head of the bank’s Americas advisory unit, seen by the Journal , Brett Pickett, Lowell Strug, and Peter Kuhn are to join UBS’ consumer products and retail investment banking group.

The Journal said further, Pickett and Strug were previously co-heads of the consumer retail group at Evercore, joining the boutique in 2012.

To read the entire Journal article, click here.