James Gorman, CEO at Morgan Stanley, said the firm plans to recruit several hundred traders during the next several years to bolster its securities business. The operation is crucial to Gorman's strategy of reviving the company's fortune. "We are not showing clients enough," Gorman said. "We don't have people on the ground. We are not sufficiently penetrated with large clients, and there are some smaller clients we are missing out on."

Related Summaries