SYDNEY/HONG KONG/NEW YORK :Morgan Stanley will raise its annual bonus for top-performing staff on Thursday by more than 20per cent, people with direct knowledge of the matter said, with a dealmaking boom set to usher in bumper payouts by banks this year.
Staff at Morgan Stanley will be informed of their bonus payouts on Thursday, kicking off the busy and much-awaited annual bonus season, and then receive the cash in early February, the two sources said.The sources could not be named as the information was not yet made public. Top performers in M&A advisory and equities divisions will reap the rewards when the bank holds its 'communications day' on Thursday, where staff are informed about 2021 bonuses and promotions, the first two sources said.
Revenues at the division have surged on the back of bumper stock market listings and due to companies taking advantage of heightened market liquidity by issuing new shares.