Morgan Stanley Beefs Up Australian Wealth Unit With New Hires

Vanessa Doctor

3 September 2010

Morgan Stanley Smith Barney has named three senior financial advisors to its Australian wealth management division.

Mark O'Sullivan, James Gosnell, and Chris Watson have joined the company's Sydney office as advisors. The three previously worked for Macquarie Private Wealth, specialising in international markets.

MSSB has been beefing up its Australian wealth business over the past months to take advantage of the country's rising affluent numbers, currently touted to be worth $900 billion. The group presently has over 180 advisors under its employ.

Morgan Stanley Smith Barney is the product of the merger between the brokerage units of Morgan Stanley and Citigroup in 2009.