Investment Banking

Morgan Stanley makes biggest buy since financial crisis

Wall Street bank to pay $900m for Solium Capital, a manager of employee stock plans

Monday 11 February 2019 at 12:54

Morgan Stanley is making a play for the thousands of employees in the startup economy who might one day be millionaires.

The Wall Street bank will pay $900m to acquire Solium Capital, which manages the stock that corporate employees receive as part of their pay. The deal is the bank’s largest acquisition since the financial crisis.