JPMorgan (JPM) hires former Morgan Stanley exec Michael Fitzgerald as it seeks to beef up its...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) hires former Morgan Stanley exec Michael Fitzgerald as it seeks to beef up its prime-brokerage operation. The bank is focusing on expanding its business with overseas hedge funds as well as getting more business from domestic funds in their international dealings.