Morgan Stanley hires Goldman veteran – Bloomberg

Feb 4 (BestGrowthStock) – Morgan Stanley (MS.N: ) (Read more about the money market today. ) has hired Goldman
Sachs Group (GS.N: ) veteran Anthony Lauto to head the firm’s
equity-trading business, Bloomberg reported, citing an internal
staff memo.

Lauto is joining as a managing director in New York,
Bloomberg said, and quoted Morgan Stanley spokeswoman Mary
Claire Delaney as having confirmed the contents of the memo.

Weak trading results weighed on Morgan Stanley’s
fourth-quarter earnings. Morgan Stanley’s trading revenue
dropped 65 percent to $1.1 billion in the fourth quarter from
$3.2 billion in the third quarter. [ID:nN19222799]

Morgan Stanley and Goldman Sachs could not immediately be
reached for comment by Reuters outside regular U.S. business
Stock Report

(Reporting by Shailesh Kuber in Bangalore; Editing by Valerie

Morgan Stanley hires Goldman veteran – Bloomberg