Morgan Stanley Smith Barney

Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup, unveiled that the personal data of 34,000 investment clients stored on two CDs was lost in transit to a government office last month, says the Wall Street Journal report.

The Journal says that the CDs were password protected but not encrypted. They went gone after the brokerage company mailed them to the New York State Department of Taxation and Finance.

Citigroup, Inc, a known global leader in financial sector has recruited a 62 years old George Friedlander, municipal bond strategist to the position of the bank’s senior U.S. municipal securities strategist in New York.  Previously Friedlander worked for Morgan Stanley Smith Barney.

 Following the successful launch of its joint venture, Morgan Stanley Smith Barney today announced it will look to grow its advisor population that focuses on ultra-high net worth clients through a dedicated effort branded under the Morgan Stanley Private Wealth Management name.