- Morgan Stanley just announced its 2019 managing director class.
- 145 employees were promoted to MD, 61% based in the Americas, according to an internal memo sent out Tuesday.
- The bank promoted 153 MDs last year and 140 in 2017.
Morgan Stanley just announced a class of 145 new managing directors — the highest rank at the bank and a coveted career milestone on Wall Street.
An internal memo was sent out around late Tuesday afternoon announcing the hires, according to a person familiar with the matter.
According to the memo, a portion of which was seen by Business Insider, 68% of the new MDs are in Institutional Securities, Investment Management, and Wealth Management.
Other stats about the new class:
- By region: 61% of the promotes were based in the Americas, 26% in Europe, the Middle East, and Africa, and 13% in Asia.
- There are 39 new female MDs (27%), compared with 40 last year (26%).
- 7% of the US class is Black, up from 5% in 2018, and 4% of the US class is Hispanic, up from 1% last year.
Elsewhere on Wall Street, Bank of America Merrill Lynch promoted nearly 140 employees to MD in late November, Citigroup promoted 125 MDs in its Institutional Clients Group in December, and Barclays promoted 85 MDs a couple days later.
At Goldman Sachs, where MD is one rung below the prestigious role of partner and the classes are announced every two years, 509 employees were promoted to MD in 2017 and 69 were promoted to partner in November.
Here’s the full list of employees who just got promoted to managing director at Morgan Stanley:
Sina El Bied
Marcel De Boom
Alexandre de Latour
Xu (Kurt) Jian
Winton de St John-Pryce
Global Capital Markets
Lisa Buhain Winslow
Miguel Villalba Leiros
Sim Gian Chin
Legal and Compliance
Matthew Scott Slovik
Joan T. Tally
Morgan Stanley Bank NA
This is a subscriber-only story. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.