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Morgan Stanley Lures Florida Team from Citi

Christopher Owen

15 November 2007

Morgan Stanley has recruited a team from Citigroup's Smith Barney unit to work in its newly opened global wealth management office in Coral Springs, Florida. Husband and wife Ralph and Michelle Vartanian are to join Morgan Stanley, along with Dawn Daugherty. The three had combined fees and assets over the past 12 months of $1.55 million and prior assets of about $200 million. They will report to the branch manager, Blake Hallock. According to regulatory papers, Ms Vartanian joined Citigroup in 1994 and Mr Vartanian in 1998. Ms Daugherty has been registered with the bank since 1977.