Awards for Excellence 2017
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The revival of a franchise is always a compelling story and nowhere has it been more evident than in Morgan Stanley’s markets business. For its dramatic turnaround in fixed income trading, coupled with its continued equities leadership, the bank is North America’s best bank for markets.
The fixed income division (FID) at Morgan Stanley suffered badly through the financial crisis. So when president Colm Kelleher slashed headcount by 25% at the end of 2015, some observers wondered if the firm’s heart was still in the business at all.
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