Morgan Stanley Hires Rather Than Fires

Morgan Stanley Hires Rather Than FiresMorgan Stanley Hires Rather Than FiresIts about time that job additions rather than cuts are making news on Wall Street.According to Investment News, Morgan Stanleyhas been beefing up its wealth management unit, hiring519financial advisors so far this year, compared to the 622 itadded in all of 2007. The New York-basedfirm has also beenfattening up its U.S. investment banking operations, picking up some key executives from the famously defunct Bear Stearns, and actively hiring in Asia and the Middle East.All this isa good sign for investmentmanagement and investment banking job seekers alike, since where one bulge bracketfirm goes, there are usually a fewmore not too far behind.