Morgan Stanley and Citigroup will have to wait up to two years to reap the full benefit of their $14bn-a-year brokerage joint venture,  as the process of merging IT systems delays integration. The IT issues are frustrating some of the JV’s 18,500 financial advisers, who had expected to be able to sell a full suite of products from both Morgan Stanley and Citi to their wealthy clients.

This entry was posted by Gwen Robinson on Monday, June 15th, 2009 at 4:51 and is filed under Capital markets, People. Tagged with citi, morgan stanley. Edit this entry.