5 days ago
Morgan Stanley's Recruiting Pause Pays Off
Recruiting and attrition have slowed down at Morgan Stanley as the firm, like other big brokerages, has de-emphasized big signing bonuses, reports InvestmentNews. On an earnings call, Morgan Stanley senior executives revealed, without disclosing specifics, that the trend had helped bolster results, the publication notes. Morgan Stanley, Merrill Lynch and UBS in recent months have moved to cut back on the recruiting arms race.