ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

STREET MOVES: Morgan Stanley Hires High-Producing UBS Broker Team

By Brett Philbin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Brokerage joint venture Morgan Stanley Smith Barney recently recruited seven financial advisers, including a high-producing team from UBS Wealth Management Americas, a unit of UBS AG (UBS), that was recognized in the Barron's list of the top 1,000 advisers state-by-state in America. On April 3, Jonathan Klausner and John Duffy joined Morgan Stanley Smith Barney's Indianapolis office. The team, which reports to Kathy Birk, Indiana complex manager, and Kenneth Langston, branch manager, generated $4 million in fees and commissions over the past 12 months and managed $650 million in client assets. Other members of the team include Derek Disalvo, a financial adviser, and client service associates Jenny Margason and Caryn Wilkinson. Klausner was ranked No. 7 in Indiana, while Duffy received the No. 8 ranking in the Barron's list, which reflects assets under management by the advisers and their teams, revenue generated for the firms, the brokers' regulatory records, and Barron's determination of the quality of the advisers' practices and philanthropic work. Barron's is published by Dow Jones & Co., a subsidiary of News Corp. (NWS, NWSA) that also publishes this newswire and The Wall Street Journal. Before joining Morgan Stanley, Klausner and Duffy worked at UBS for 11 years, according to Financial Industry Regulatory Authority records. Other hires from UBS include James Flood and Michael Romer, who joined Morgan Stanley Smith Barney's Melville, N.Y., office Thursday. The team, which reports to Dino Carfora, Suffolk County complex manager, had $1.7 million in annual production and $213 million in assets under management. Flood worked at UBS for more than seven years, while Romer spent six years there, regulatory records show. Additionally, Morgan Stanley hired Marc Richman and Brian Bernhardt in Philadelphia from Deutsche Bank AG (DB) for the firm's private wealth management business. The team, which reports to complex manager Richard Frick, had about $3 million in annual production and $500 million in assets under management. Richman was a more than six-year Deutsche Bank veteran, while Bernhardt spent more than four years there, according to Finra records. A UBS spokeswoman confirmed the advisers had left the firm. Deutsche Bank didn't immediately respond to a request for comment. (STREET MOVES chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and who manage more than $100 million in client assets.) -By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
04/15/201423:41:11Citi Picks Dewilde to Lead Asia Markets and Investor Services...
04/15/201416:48:51MARKET SNAPSHOT: Stocks Gain For 2nd Day In Row After Ukraine...
04/15/201415:52:11MARKET SNAPSHOT: Stocks Bounce Back As Ukraine Worries Ease
04/15/201415:01:49MARKET SNAPSHOT: Stocks Rebound As Ukraine Worries Ease Slightly
04/15/201413:57:11MARKET SNAPSHOT: Stock Losses Deepen As Ukraine Tensions Escalate
04/15/201413:28:33MARKET SNAPSHOT: Stock Losses Deepen Amid Deepenng Ukraine Tensions
04/15/201412:01:52MARKET SNAPSHOT: Stocks Rattled By Housing Data, Ukraine Tensions
04/15/201410:08:36MARKET SNAPSHOT: U.S. Stocks Gain As Coke, J&J Jump After Earnings
04/15/201408:52:57U.S. Stock Futures Rise
04/15/201404:50:10European Markets Steadying After Heavy Losses
04/15/201404:33:21European Markets Steadying After Last Week's Heavy Losses
04/14/201419:30:18Citi's Mexico Unit Says Fraud Will Cut Profit by $112 Million
04/14/201419:20:37Citi's Mexico Unit Says Fraud Will Cut 1Q Profit by $112 Million
04/14/201416:42:11MARKET SNAPSHOT: Stocks Rebound; Nasdaq Erases Late Swoon
04/14/201415:49:35MARKET SNAPSHOT: Stocks Trim Gains; Nasdaq Turns Negative
04/14/201413:20:46LONDON MARKETS: FTSE 100 Turns Higher As Mining Stocks Strengthen
04/14/201413:00:03EUROPE MARKETS: European Stocks Swing To Gains Following Sell...
04/14/201411:56:03MARKET SNAPSHOT: Stocks Rebound On Retail Sales, Citi Results
04/14/201411:39:31U.S. Stocks Stay Higher on Positive News
04/14/201411:00:08LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad