Friday's Headlines: Morgan Stanley's New Class of Managing Directors

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Morgan Stanley has made more managing directors than at any time since 2007... [WSJ]

...but only 16 percent are women. [Financial News]

Barclays said it will cut about 1,000 UK jobs. and reduce its wealth planning footprint. [Reuters]

Citigroup has added three private bankers in a push to grow its Middle Eastern wealth management business. [Financial News]

Brevan Howard has hired two traders from Bank of America Merrill Lynch, as hedge funds continue to take advantage of banks' scaling back in prop trading. [WSJ]