Monday, 23rd November 2009

 
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5 November 2009 - Press Briefing

Morgan Stanley poaches six-member private wealth team from UBS

Morgan Stanley Private Wealth Management on Wednesday declared the recruitment of a New York-based group of six investment professionals from UBS to serve ultra high net worth families in Latin America, according to a Reuters report.

The team includes three executive directors - Maria C. Lipton, Juan Larrain and Pablo Granja - and three vice presidents, Lisa Markowitz, Helena Astor, and Tatiana Dominguez.

Tags: Morgan Stanley Private Wealth Management , UBS

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Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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