Morgan Stanley has promoted 130 new managing directors for its 2020 class
|01/15/2020||Posted by BusinessMediaguide.Com under General World News||
- Morgan Stanley promoted 130 new managing directors across the firm for its 2020 class.
- That’s fewer new MD promotions than in recent years at the investment bank, which has been cutting costs in recent months.
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Morgan Stanley has promoted 130 new managing directors across the firm, according to a person familiar with the matter.
The 2020 managing director class is smaller than recent years — the bank promoted 145 managing directors in 2019 and 153 in 2018.
A smaller MD class wasn’t unexpected, given the bank recent cost-cutting measures. The firm read more >>>