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Morgan Stanley Takes Ten From Smith Barney in Kansas

Stephen Harris

10 July 2008

Morgan Stanley's Wichita office is expanding to 24 staff with the addition of a ten-strong team from Citi-owned competitor Smith Barney.

The team had $1 billion in client assets and annual fees and commissions of $4.8 million.

The ten comprise six financial advisers - Thomas Kirk, Steve Bahm, Bryan Green, Margaret Dechant, Sarah Hampton and Pamela Tormey - and four client service staff, Stephanie Murphy, Denice Robinson, Ammie Denton and Amanda Maier.

The group is led by Mr Kirk and Mr Bahm, both of whom were senior vice presidents at Morgan Stanley.

Mark Schumaker, Morgan Stanley's Wichita branch manager, said: "They're just a very good fit for what the firm is doing," adding that he had been keeping in touch with the group for the past three years.