Morgan Stanley Doubles Workforce in a Single Day!

Okay, maybe double is an exaggeration, but, come on, the bank has lost a friggin’ ton of people over the past several months. Morgan snagged Ashok Nayyar from Citigroup to be its co-head of leveraged and acquisition finance. The firm also brought over Martin Thorneycroft from Goldman Sachs to be an executive director in its European high-yield division. The hirings also coincide with James Gorman’s first week of work. As you may recall, Gorman has been sitting on the sidelines for six months since he bailed on Merrill Lynch. He is charged with reinvigorating Morgan’s lethargic brokerage division.
Morgan Hires Two from Rivals [NY Times]

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