Morgan Stanley on tech hiring drive to help its advisers upgrade skills

New York

MORGAN Stanley is hiring hundreds of tech-savvy specialists at its wealth management branches to train advisers on the firm's new digital tools, the bank's co-head of wealth management Andy Saperstein said in an interview.

The digital adviser associates will help advisers get up to speed on new products, such as software that recommends customised investment ideas and apps that let advisers text or video chat with clients. They will also help advisers promote their presence through social media, Mr Saperstein added.