(Bloomberg) - Morgan Stanley, owner of the world’s largest brokerage, hired CNBC’s Gary Kaminsky as a vice chairman in wealth management.

Kaminsky, who was the cable television network’s capital markets editor, will work with Morgan Stanley’s financial advisors on client development, Greg Fleming, 50, president of the brokerage unit, wrote today in a memo to employees, a copy of which was obtained by Bloomberg News. Jim Wiggins, a spokesman for the New York-based bank, confirmed the memo’s contents.

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