Morgan Stanley Hires Bank of America’s Dunleavy

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Morgan Stanley, the sixth-largest U.S. bank by assets, hired Kevin Dunleavy from Bank of America Merrill Lynch as a managing director in the firm’s sales and trading division.

Dunleavy, 49, was vice chairman of global client relationships for Merrill Lynch, Morgan Stanley said in an internal memo obtained by Bloomberg News and confirmed by spokeswoman Jennifer Sala. He will work with the New York-based company’s equities and fixed-income clients, according to the memo.