Morgan Stanley Makes Multiple Hires in California

Stephen Harris

7 February 2008

Morgan Stanley has expanded its global wealth management unit with multiple hires in California, according to a Dow Jones report. Morgan Stanley tapped UBS to recruit a team comprising Michael Murphy, Cami Hennis and James Hennis to join its Napa branch. They will report to the branch manager, George Shick. The team earned combined fees and commissions over the past year of $1.58 million and had prior assets under management of $263 million. The Wall Street bank has also recruited Dayna Sumiyoshi and Paul Kim from Wells Fargo to work in its Silicon Valley Centre branch. Last year they earned combined commissions and fees of $1.4 million and had prior assets of about $135 million. They will report to Clifton Santikul, the branch manager. Morgan Stanley further tapped Wachovia's A G Edwards unit to hire Larry Watts, Rob Thompson and Brian Wilkinson for its Stockton branch. They earned $2.07 million over the past year and managed assets of roughly $457 million. The three will report to Steven Stahlberg, district manager for Northern California/East Bay and Central Valley/Northern Nevada.