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Morgan Stanley's fixed-income business has great potential: CEO

Reuters  |  NEW YORK 

NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman said on Tuesday that in recent years the bank's fixed-income group has had the greatest opportunity for delivering growth.Speaking at a conference hosted by the Wall Street bank in New York, Gorman said that in 2015, he thought that the fixed income division, one of the bank's smallest, was its "most attractive business" because it stood to see rapid growth if interest rates rose and there was more volatility in markets. "I thought actually fixed income is the most exciting business if (those) two things happen," Gorman ...

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First Published: Wed, June 13 2018. 03:23 IST