Morgan Stanley has completed its $7 billion acquisition of Eaton Vance in a transaction in which the fund firm’s shareholders could receive shares or cash.
The acquisition “further advances our strategic transformation by continuing to add more fee-based revenues,” James P. Gorman, chairman and CEO of Morgan Stanley, said in a release.
Thomas E. Faust, Jr., chairman and CEO of Eaton Vance, has become chairman of Morgan Stanley Investment Management and will join the parent firm’s management committee.
Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B
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The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO
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