Former Lehman CEO Dick Fuld hires $430 million team from Morgan Stanley 

Two former Morgan Stanley advisors who oversaw $430 million in client assets left the wirehouse to join a firm led by former Lehman Brothers CEO Richard Fuld.Fuld presided over a 2008 historic corporate collapse that contributed to the worst global financial crisis in nearly a century.Matrix Private Capital Group’s new hires — Scott Weissman and Thomas Bruce — are based in Chicago, according to the firm, which also has locations in Los Angeles, Pittsburgh, and Palm Beach, Florida.

Source: Former Lehman Brothers CEO Dick Fuld recruits advisors for asset manager from Morgan Stanley | On Wall Street