{"id":75930,"date":"2020-10-09T01:15:03","date_gmt":"2020-10-09T05:15:03","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75930"},"modified":"2020-10-09T01:10:39","modified_gmt":"2020-10-09T05:10:39","slug":"with-20-billion-in-deals-this-year-morgan-stanley-pivots-further-away-from-risky-wall-street","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2020\/with-20-billion-in-deals-this-year-morgan-stanley-pivots-further-away-from-risky-wall-street.html","title":{"rendered":"With $20 billion in deals this year, Morgan Stanley pivots further away from risky Wall Street"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=MS\">Morgan Stanley<\/a> CEO <a href=\"https:\/\/www.cnbc.com\/id\/10000219\">James Gorman<\/a> has just completed a pivot that began more than a decade ago. With the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.morganstanley.com\/about-us-ir\/morgan-stanley-to-acquire-eaton-vance\" target=\"_blank\">announcement<\/a> Thursday that Morgan Stanley is acquiring investment manager Eaton Vance for $7 billion, Gorman is adding heft and scale to the smallest of the New York-based bank\u2019s three main businesses: the manufacturer of mutual funds and other investments. It completes Morgan Stanley\u2019s shift from being a firm dominated by traders and investment bankers to one where the more subdued and dependable management of money rules.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/10\/08\/with-20-billion-in-deals-this-year-morgan-stanley-pivots-further-away-from-risky-wall-street.html\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Morgan Stanley CEO James Gorman has just completed a pivot that began more than a decade ago. With the announcement Thursday that Morgan Stanley is acquiring investment manager Eaton Vance for $7 billion, Gorman is adding heft and scale [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75930","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75930"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75930\/revisions"}],"predecessor-version":[{"id":75931,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75930\/revisions\/75931"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}