Even employees in the fixed-income division of the institutional securities group are positive, he said.
Michael Petrick -- who heads the company's corporate credit group -- will become co-head of institutional securities sales and trading.
Vikram Pandit , the head of institutional securities whose role was clouded by the elevations of Cruz and Crawford, reportedly quit.
Vikram Pandit, head of institutional securities, and John Havens, head of equities, also quit, prompting speculation that an avalanche of executive departures would follow.
Gandhi was the head of strategy for Morgan Stanley's institutional securities business from 2001 to 2003, when he was named co-head of its financial institutions practice.
Its institutional securities division, including equities, was embroiled in a management upheaval that has only recently begun to settle down, but not before a wave of defections.
One of the most powerful women in the business world, Cruz oversaw Morgan Stanley's institutional securities businesses, including investment banking and sales and trading, as well as the firm's global wealth management business.
Morgan Stanley's own website lists 20 pages of available jobs in its North American institutional securities division, including many technical and risk management posts but also positions in equity research, in derivatives and in prime brokerage.
Purcell pushed Mack out in 2001 and retained control of the firm until the spring, when he faced unrelenting pressure from shareholders to divest the firm of the underperforming brokerage business and the credit-card unit and focus the firm back on its core strength: institutional securities.
Morgan Stanley has been under siege since a senior management reshuffle in late March that resulted in the departures of several star bankers, including Vikram Pandit , head of the institutional securities unit, John Havens , head of equities, and Joseph Perella , a key rainmaker.
Perella and Meguid have not said where they are headed, but they, along with Stephan Newhouse Stephan Newhouse , who quit as Morgan Stanley president two weeks ago, Vikram Pandit Vikram Pandit , former head of institutional securities, John Havens John Havens , former head of equities, and Guru Ramakrishnan Guru Ramakrishnan , head of trading, are likely to attract multiple offers, executive recruiters say.
Particularly disappointing was the institutional-securities (ie, investment banking and trading) division, the engine of the group.
Late Monday, Morgan Stanley confirmed its board had authorized management to pursue a spinoff of Discover, which it says "reinforces" its strategy to be an integrated firm focused on institutional and retail securities and asset management.
It has sold some of its duff loans, mainly in the form of asset-backed securities to institutional investors.
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The conclusion: Institutional investors who see securities lawsuits as a mechanism for turning around a losing investment are kidding themselves, unless the managers were selling stock illegally.
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That 3% is a rough estimate of the treasury securities holdings of institutional investors that would be required to sell them if they lose their AAA ratings.
Mitchel Guttenberg, 41, an institutional client manager at UBS Securities, was charged with passing material--nonpublic information--to traders Erik Franklin, 39, formerly of Bear Stearns, and David Tavdy, 38, formerly of Assent, a New York broker-dealer.
The law prohibits all publicly-traded companies, except for investment companies (other than closed-end investment companies), from disclosing information to securities market professionals, such as securities analysts or institutional investors, before disclosing the information to the public.
The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on transaction processing, reports that a pool of members surveyed show that almost all think that finance industry could benefit from greater leadership.
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These figures are global numbers, but Brooks said that in conversations with institutional investors who buy ETF Securities products, these investors have told him they used the products as a way to hedge downside risk from exposure to the miners.
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Traditionally, issuers complied with Regulation FD (which was intended to prevent issuers from selectively disclosing important information to securities analysts and institutional investors before it was made known to the general public) by disseminating press releases that simultaneously were filed with the SEC.
Authorities say the 40-year-old Miller, while employed as an institutional sales trader for Rochdale Securities LLC of Stamford, conspired with another individual to execute a trade to buy 1.6 million shares of Apple stock on behalf of a Rochdale customer whose account Miller handled on the day Apple was scheduled to announce earnings.
The Siedle Directory of Securities Dealers provides retail and institutional investors alike with critical information regarding the integrity of all brokerage firms registered with the National Association of Securities Dealers, Inc. (NASD).
But unlike closed-end funds, if SuperUnits developed a discount to its underlying securities value, then institutional investors could arbitrage the units and profit risk-free.
At the time, institutional holders of mortgage-backed securities protested the changes, saying the banks might agree to them to salvage their own portfolios of riskier second liens.
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The latest ugly news for Bank of America is actually coming from Europe, where big institutional money managers and other mortgage securities buyers are now beginning to organize for an assault.
Investments in securities and tokkin funds (institutional trusts that may deal in derivatives) once accounted for 40% of assets.
The lawsuit against Credit Suisse and others sketches a similar conspiracy, in which securities firms--with the help of big institutional customers including Fidelity and Janus Capital--are accused of taking advantage of Internet fever to drive up the price of newly issued shares in the aftermarket.
The lawsuit against Credit Suisse and others sketches a similar conspiracy, in which securities firms--with the help of big institutional customers including Fidelity and Janus Capital (nyse: JNS - news - people )--are accused of taking advantage of Internet fever to drive up the price of newly issued shares in the aftermarket.
They use the Internet, the application of innovative technology and the assistance of licensed securities brokers when appropriate to provide a broad universe of accredited and institutional investors with efficient access to private company stock investment opportunities and to take friction out of the transaction process.
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