Morgan Stanley Hires Vincent Reinhart as Chief U.S. Economist

Morgan Stanley (MS), owner of the world’s biggest brokerage, hired former Federal Reserve senior staffer Vincent Reinhart as chief U.S. economist.

Reinhart was previously a resident scholar at the American Enterprise Institute in Washington, New York-based Morgan Stanley said today in a statement. His positions at the Fed from 1990 to 2007 included secretary and economist of the Federal Open Market Committee, according to the statement. He was the Fed’s chief monetary-policy strategist from 2001 until 2007.

Reinhart’s team will include David Greenlaw, U.S. fixed- income economist and managing director at Morgan Stanley, the sixth-largest U.S. bank by assets, according to the statement. Reinhart, who will be based in New York, is scheduled to start on Oct. 1.

“Vincent has been an important voice in global economic debates for years,” Ted Pick, global head of equities at Morgan Stanley, said in the statement. “He complements a talented global team of economists and strategists at the firm.”

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net.

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.

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