Morgan Stanley acquires investment firm Eaton Vance | Malay Mail

With the deal Morgan Stanley Investment Management , will have over US$5 billion of combined revenues, and the combination will bring Eaton Vance’s leading US retail distribution together with MSIM’s international distribution. — Reuters pic

The transaction will bring another US$500 billion in assets under management under Morgan Stanley’s umbrella, the companies said in a statement. “Eaton Vance is a perfect fit for Morgan Stanley,” the company’s chief said James P. Gorman said in a statement. He said that under the deal Morgan Stanley will oversee US$4.4 trillion of client assets and AUM across its Wealth Management and Investment Management segments.

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