It’s not only brokers being highly sought after as Wall Street and the financial industry rebuilds itself. From today’s WSJ, “Morgan Stanley makes sales, trading hiring push“,
Morgan Stanley is in a hiring push that will add as many as 400 trading and sales positions as it tries to revive profits in areas such as fixed-income trading, emerging markets and foreign exchange, according to people familiar with the situation.
Walid Chammah, co-president of the Wall Street firm, said in an internal meeting last month that the hiring plan is a “strategy of rebalancing and repositioning” fixed-income and equities trading, according to these people. The new hires will be split evenly between both sides.