Morgan Stanley to hire dozens in HK, Singapore to boost wealth business

Photographer: Mark Kauzlarich/Bloomberg

Morgan Stanley plans to add dozens of staff at its wealth business in Hong Kong and Singapore this year, signaling its confidence in the world’s fastest-growing region when it comes to minting millionaires.

The New York-based bank is looking to add 30 to 35 private bankers in the two cities this year, Asia-Pacific wealth head Vincent Chui said in an interview with Bloomberg Television in Hong Kong on Friday.

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