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Morgan Stanley targets $1tn for asset management

CEO James Gorman has set out his five-to-seven year outlook

Morgan Stanley targets $1tn for asset management

Morgan Stanley’s chief executive has lofty goals for the firm’s asset management division.

James Gorman’s five-to-seven year outlook is to reach $1tn in client assets, Bloomberg reports. Morgan Stanley’s asset management division had $469bn in assets at the end of March.

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