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Morgan Stanley appoints E*Trade leaders to top wealth division jobs


Morgan Stanley appoints E Trade leaders to top wealth division jobs
Reuters
1 hr ago
© Reuters/LUCAS JACKSON
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York
NEW YORK (Reuters) -Morgan Stanley appointed several executives from E Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm s wealth management division, according to a memo seen by Reuters.
The moves make a unified leadership team, Andy Saperstein, head of the wealth business, wrote in the memo. Morgan Stanley bought E Trade last year for $13 billion. ....

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Morgan Stanley Shuffles Wealth Leadership, Names New CMO: Memo


REUTERS/Brendan McDermid
Morgan Stanley has named new leaders in its wealth division as it integrates E-Trade.
The bank also recently named a new chief marketing officer, previously with E-Trade. 
Andy Saperstein, recently named co-president of the firm, detailed the changes in a memo.
Morgan Stanley has added several E-Trade executives to its sprawling wealth management division s leadership team and recently named a new chief marketing officer for the firm, according to a memo co-president Andy Saperstein sent to employees on Wednesday.
The New York investment bank has been in the process of meshing E-Trade and its $4.2 trillion wealth management business at a moment when retail investors, who have long flocked to E-Trade as a do-it-yourself trading platform, are flooding the markets. Morgan Stanley closed on its acquisition of the brokerage last October. ....

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Stocks climb as inflation fears ebb - BNN Bloomberg


U.S. stocks climb as inflation fears ebb
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U.S. Fed will leave the punch bowl out for investors to get tipsy : Invesco strategist ....

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Tech leads gains in stocks as inflation fears ease


Tech leads gains in stocks as inflation fears ease
Rita Nazareth and Vildana Hajric, Bloomberg News
The reflation trade still has legs: Invesco’s Léger
VIDEO SIGN OUT
​Technology shares led gains in U.S. stocks as inflation anxiety appeared to be easing. Bitcoin surged after a weekend rout.
Ten out of the 11 groups in the S&P 500 rose, while the Nasdaq 100 outperformed major equity benchmarks amid a rally in giants such as Apple Inc., Amazon.com Inc. and Tesla Inc. The world’s largest cryptocurrency soared after plunging as much as 18 per cent on Sunday. Benchmark 10-year Treasury yields and the dollar retreated. ....

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