Almost 20 private wealth employees, who together oversee some $3 billion in total assets, walked out of Morgan Stanley Wealth Management Australia’s doors on Friday.
It is understood the renegades are set to join the Melbourne and Perth offices of rival stockbroking and wealth management firm Shaw and Partners.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
