Morgan Stanley president: "Breakaway broker" movement exaggerated Morgan Stanley Smith Barney President Charlie Johnston believes the so-called "breakaway broker" movement is exaggerated and will eventually reverse. Morgan Stanley and Citigroup Inc.'s Smith Barney last year formed the largest U.S. brokerage, but
Citi creates ETF team Jeffrey McCarthy is bringing his experience in ETFs from Brown Brothers Harriman to Citigroup. McCarthy will serve as Citi?s Global ETF Product Head in its Securities and Fund Services business and will oversee product innovation, market development
North America - Regulatory pressure on U.S. banks may help hedge funds, Citig... Regulatory pressure on U.S. banks may help hedge funds From WSJ.com: Regulatory pressure on big U.S. banks may be helping independent hedge-fund firms recruit more traders. Citigroup Inc. has lost eight proprietary traders in recent weeks amid
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