Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- An inside look at how Morgan Stanley is growing its teams of financial advisors.
- The top people moves across the Street.
- Deutsche Bank is reportedly bank in regulators' crosshairs due to its anti-money-laundering controls.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
Morgan Stanley's advisor teams are getting bigger and some are appointing COOs to help run them, top wealth exec says
Teams of Morgan Stanley financial advisors are growing in size – and sophistication – according to Vince Lumia, one of the firm's top wealth management executives.
Must-know promotions, exits, and hires at firms like JPMorgan, Goldman Sachs, Coinbase, and Evercore
Evercore announced Celeste Mellet Brown will be the boutique bank's new chief financial officer. Coinbase hired away Faryar Shirzad from Goldman Sachs. Here are all the top people moves across the Street.
The Fed is reportedly weighing fines for Deutsche Bank over the bank's insufficient anti-money-laundering controls
REUTERS/Luke MacGregor
In recent weeks, the Fed has pressed Deutsche Bank to enhance its anti-money-laundering controls. Here's what's been reported.
Odd lots:
Jay-Z to address Wall Street executives at annual investors conference (NY Post)
A Credit Suisse Unit Blacklisted Gupta as Another Bankrolled Him (Bloomberg)
Adtech company OpenX is exploring a possible sale, sources say (Insider)