Morgan Stanley Hires Guggenheim’s Lindquist for Asset Management
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Morgan Stanley, owner of the world’s largest brokerage, hired Richard Lindquist from Guggenheim Partners LLC as head of high yield in its asset-management business.
Lindquist will oversee about $1.7 billion in assets and report to Michael Kushma, chief investment officer for global fixed-income, according to an internal memo obtained today by Bloomberg News. Matt Burkhard, a spokesman for New York-based Morgan Stanley, confirmed the contents of the memo.