ON THE MOVE-Raymond James hires adviser from Morgan Stanley

Mon May 12, 2014 11:37am EDT

May 12 (Reuters) - Raymond James Financial Inc's broker-dealer unit said it hired veteran adviser Stephen Besse from Morgan Stanley for its Walnut Creek, California office.

Besse managed more than $360 million in client assets at Morgan Stanley and had about $1.35 million in annual fees and commissions.

Morgan Stanley could not be immediately reached for comment. (Reporting by Neha Dimri in Bangalore)

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