Friday's Headlines: Private Banks Continue Hiring Spree

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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.

[Dealbook]

Working at a large hedge fund may be more risky than working at a smaller one. [Reuters]

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