Morgan Stanley Hires Bush White House’s Davis to Oversee PR

Morgan Stanley, owner of the world’s largest brokerage, hired Michele Davis, who held communications roles at George W. Bush’s White House and Henry Paulson’s Treasury Department.

Davis will join as a managing director and global head of corporate affairs, Chief Executive Officer James Gorman and Vice Chairman Tom Nides wrote in a memo to employees today. In her last government position, Davis helped Paulson’s team as they crafted the $700 billion Troubled Asset Relief Program, which used taxpayers’ money to rescue lenders from collapse during the credit crisis.