Hire Wire Jan 24 2012

Pool of Women MDs Widens at Morgan Stanley

By julie steinberg

Morgan Stanley has named its 2012 class of managing directors and while the number is smaller than last year, there's a greater percentage of women who earned the title.

The firm appointed 210 managing directors last week, down nearly 10% from last year's figure and the lowest total since 2008. Of the 210, 37, or 17.6%, are women.

The percentage is up from last year, when 38 out of 232, or 16.4% were women.

Morgan Stanley's figures generally align with the percentage of women occupying high posts in the finance industry. Fifty of the 261 newly appointed managing directors at Goldman Sachs are women, or about 19%.

According to data provided by Catalyst, a nonprofit organization that seeks to advance women in business, in 2008 women made up 18.8% of executive/senior-level officials and managers at companies classified under the U.S. Equal Employment Opportunity Commission's category of "Securities, Commodity Contracts & Other Financial Investments." Women composed 16.4% of executive/senior-level officials and managers at companies that fell under "Investment Banking & Securities Dealing," a subcategory of the former.

At the end of the fourth quarter, Morgan Stanley had 61,899 employees on its payroll.

You can see the full list of managing directors here.

Write to Julie Steinberg at Julie.Steinberg@dowjones.com




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