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Friday, June 24, 2011

KKR hires Morgan Stanley strategist Henry McVey, (NYSE: MS), (NYSE: KKR)

Morgan Stanley (MS.N) strategist Henry McVey is joining private equity firm KKR (KKR.N) as head of global macro and asset allocation, the private equity firm said on Friday. McVey has worked at Morgan Stanley for more than a decade with a brief stint as a portfolio manager at Fortress Investment Group LLC. He held the position of Morgan's head of global macro and asset allocation for Morgan Stanley Investment Management (MSIM).

Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.3% or $-0.29/share to $22.06. In the past year, the shares have traded as low as $22.40 and as high as $31.04. On average, 13025100 shares of MS exchange hands on a given day and today's volume is recorded at 9235519.

KKR & Co. L.P.: NYSE:KKR quotes & news - Google Finance Source