MORGAN STANLEY HIRES CONTRACT STAFF IN HONG KONG AS DEALS SURGE

Morgan Stanley has started hiring contract staff in Hong Kong to handle a surge in stock listings, aiming to ​control costs while meeting stronger demand in the Asian financial hub, three sources with direct knowledge of the matter said.

The move, a ‌first for a Wall Street bank in the region, underscores shifting hiring strategies in Hong Kong's ultra-competitive investment banking industry.

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