FYI: Morgan Stanley Boosts Emerging Markets Research Capacity
Friday, April 14, 2006
Morgan Stanley has axed 50-60 equity research jobs in Europe and the US in favor of hiring new research staff to cover equities in the growing markets of Eastern Europe, the Middle East, and Asia, Euroweek reported recently. The same article says research departments across the major banks have come under pressure through competition and new demands from clients.
(Ed. note – Euroweek’s article is behind a firewall – we’ll have to take JeannieY’s word for it)