Reported about 22 hours ago
Morgan Stanley has promoted 173 employees to managing director positions this year, a 12% increase from 2024. This comes as banks anticipate a rebound in mergers, acquisitions, and public offerings, aided by a favorable regulatory climate under the incoming administration. Last year, the firm promoted 155 employees, down from 184 in 2023. Morgan Stanley recently reported strong third-quarter profits and its shares rose by 35% in 2024.
Source: YAHOO