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Funds News

UPDATE 1-Morgan Stanley rehires broker after 2 months at UBS

* UBS had hired the Morgan Stanley veteran in Sept

* Van Scoyoc to rejoin firm, this time in Florida

NEW YORK, Nov 10 (Reuters) - Talk about revolving doors.

Morgan Stanley Smith Barney MS.N said on Wednesday it hired back William van Scoyoc two months after he left the brokerage to join rival UBS Wealth Management Americas UBSN.VX.

Van Scoyoc joined UBS in Sept. 8 after about 15 years at Dean Witter Reynolds and Morgan Stanley. He was a complex manager at Morgan Stanley Smith Barney, Morgan's joint venture with Citigroup C.N, when UBS hired him in September to manage a new Manhattan office.

Hiring van Scoyoc was a victory at the time for UBS, which intends to expand its presence in key urban markets. UBS, which confirmed the departure, said it will move forward with its plans to build out the new Manhattan office.

Van Scoyoc will rejoin Morgan Stanley not in New York but in Aventura, Florida, just north of Miami. A person familiar with the move said van Scoyoc wanted to work in Florida for family reasons.

When he left Morgan Stanley, van Scoyoc was the manager of a New York City brokerage complex with 90 financial advisers and more than $80 million in revenue, according to an internal UBS memo announcing the arrival of van Scoyoc in September. (Reporting by Joseph A. Giannone. Additional reporting by Helen Kearney. Editing by Robert MacMillan)

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