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February 20, 2019
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Morgan Stanley's $900 mn Solium deal eyes younger clients
Mon, 11 Feb 2019 10:37:16 -0500

In its biggest acquisition since the financial crisis, Morgan Stanley on Monday announced the $900 million purchase of Canada's Solium Capital, a push towards cultivating more young clients. Solium manages stock plans for some 3,000 companies, including fast-growing new companies led by rising wealth accumulators who often opt for being compensated in equity rather than solely cash. "The acquisition provides Morgan Stanley with broader access to corporate clients and a direct channel to their employees, as well as a greater opportunity to establish an read the full story...

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