Morgan Stanley's 'most attractive business' is fixed income - CEO
Despite being one of Morgan Stanley`s smallest divisions, Gorman said, it has enormous incremental upside. Last year, the bank set a target to produce $1 billion in quarterly fixed-income revenue, on average, each year.
Gorman, who is also chairman of Morgan Stanley, added the U.S. bank will move 400-500 employees out of the United Kingdom to other European nations as a result of Britain`s vote to leave the European Union.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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