Morgan Stanley buys Solium Capital for $US900m in quest for millennial clients

New York | Morgan Stanley is buying Canadian employee stock plans manager Solium Capital for $US900 million ($1.27 billion).

The deal will allow Morgan Stanley to attract young salaried workers, who after they sign up on Solium to manage their stock options, can eventually choose the bank’s investing and virtual adviser channels, as they build their wealth, or when their investing needs arise.

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