WHEN: TODAY, THURSDAY, JANUARY 20TH
WHERE: CNBC'S "CLOSING BELL WITH MARIA BARTIROMO"
Following is the unofficial transcript of breaking news from CNBC's Kate Kelly. All references must be sourced to CNBC.
KATE KELLY: MARIA WE'VE GOT ONE OF THE FIRST HIGH-PROFILE JOB DEFECTIONS OF THE SEASON THAT IS GLENN HADDEN WHO WAS A PARTNER AT GOLDMAN SACHS RUNNING THEIR GOVERNMENT BONDS DIVISION FOR A NUMBER OF YEARS GOING OVER TO MORGAN STANLEY TO RUN MORGAN'S GLOBAL INTEREST RATE DIVISION HE'LL BE REPORTING TO STEVE METLER IN THE FIXED INCOME UNIT ALSO DAVID MOORE THEIR HEAD OF STRUCTURED RATES IS LEAVING MORGAN STANLEY I'M TOLD THE HADDEN HIRE IS AN EXCITING MOVE FOR MORGAN STANLEY THEY'VE BEEN TRYING TO SURE UP THIS FIXED INCOME DIVISION FOR A COUPLE OF YEARS NOW THEY'VE HAD LEADERSHIP CHANGES THE HEAD OF THE WHOLE DIVISION JACK DEMEO LEFT LAST WEEK HE'S REPLACED BY KEN DURRET THEIR CHIEF RISK OFFICER HADDEN MADE PARTNER AT GOLDMAN SACHS IN 2008 VERY RESPECTED BY HIS PEERS FROM WHAT I UNDERSTAND AND THEY ARE HOPING HE'LL HELP JUICE UP THIS DIVISION WHICH MISSED OUT ON SOME OF THE PROFITS OF 2009 AND IS LOOKING TO TURN THINGS AROUND THE OTHER THING I SHOULD ADD WITH BONUSES BEING DOLLED OUT AS WE SPEAK ON WALL STREET GOLDMAN SACHS LETTING PEOPLE KNOW ABOUT THEIR BONUSES TODAY AND YESTERDAY AS MY UNDERSTANDING MORGAN STANLEY WILL DO SO TOMORROW ONCE PEOPLE KNOW ABOUT THEIR BONUSES AND THEY GET PAID THAT'S WHEN THEY TEND TO HOP JOBS MARIA SO I EXPECT TO HAVE A LOT MORE NEWS ON THIS FRONT.
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