Morgan Stanley (NYSE:MS)’s top executive exuded confidence for its wealth management unit at the recent Credit Suisse Group AG (NYSE:CS) 2014 Financial Conference.
Gregory J. Fleming, President of Morgan Stanley Wealth Management and Morgan Stanley Investment Management struck a confident note on the growth potential for Morgan Stanley (NYSE:MS) in the wealth management space.
Substantial AUM growth projected
During his presentation at the Credit Suisse 2014 Financial Conference, Gregory J. Fleming anticipates AUM to grow to about $500 billion by the end of 2016 from $373 billion clocked at the end of 2013. Exuding confidence, he terms the target is ‘very achievable’.
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