Friday's Headlines: Private Banks Continue Hiring Spree
Hiring in private banking remains globally driven by increased wealth in Asia. [ABC News via Reuters]
Bank of Montreal is set to quadruple staff in its Asian wealth management business. [Reuters]
Merrill Lynch is hiring investment advisers in Brazil as it builds out its wealth business there. [WSJ]
Morgan Stanley plans to spin-off its profitable quant unit.
Working at a large hedge fund may be more risky than working at a smaller one. [Reuters]