Morgan Stanley (MS) said Monday that it hired CNBC co-anchor Gary Kaminsky (left) as vice chairman of its wealth-management unit. In this new role, Kaminsky will work with financial advisors on client relations and business development.
Before taking on the job as CNBC’s capital markets editor in 2010, Kaminsky was a money manager at Cowen & Co. from 1992 to 1999. After this, he then joined Neuberger Berman, where he was part of a team that managed a $12 billion portfolio until 2008.
“As an author and commentator, Gary speaks frequently on investor trends and asset management strategies, and he will continue to be a contributor to CNBC,” said Morgan Stanley President Greg Fleming in a memo shared with AdvisorOne on Tuesday. “Gary will be a valuable resource to FAs as they seek to grow, develop and manage their practices.”
Kaminsky has appeared regularly on “Squawk Box” and “Squawk on the Street.”