Morgan Stanley veterans form own boutique

A group of veteran directors from Morgan Stanley, each with an average 25 years at the bank, recently broke away to form their own advisory boutique—Dean Bradley Osborne or DBO Partners.

The firm takes its name from its directors, who come from Morgan Stanley’s U.S. west coast operations including Mark Bradley and Nick Osborne. The former Morgan Stanley directors plan to hire aggressively, with eyes on employees from both Morgan Stanley and other Wall Street banks.

Find out how the creation of the boutique underscores the difficulties faced by securities firms in dealing with clients, staff and regulators.

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