In his first interview after announcing his new gig at Morgan
), Gary Kaminsky tells Benzinga why he decided to return to Wall
Street. "I want to, much like I did at CNBC, break some glass,"
said Kaminsky, who will become the Vice Chairman of Morgan
Stanley's Wealth Management division early next month. "I want to
help clients and wealth advisors look at things in new ways, regain
some trust, and most importantly, help this great group of advisors
that are there with some of the experiences I've had. I want to
bring some of that wisdom to the wealth management team."
Prior to becoming the Capital Markets Editor of CNBC, Kaminsky
had become one of the most successful money managers on Wall
As a Portfolio Manager at Cowen & Company, he co-advised assets
that rose from $200 million in 1992 to $1.3 billion in 1999. After
joining Neuberger Berman in 1999, 'Team Kaminsky' grew from
approximately $2 billion under management to more than $12 billion
by the time he retired in June 2008. Kaminsky was also one of the
original guest hosts of 'Squawk Box.'
Kaminsky credits Gregory Fleming, the President of the Global
Wealth Management Group at Morgan Stanley, for his return to Wall
"For me, as an investor, it's always been about people,"
Kaminsky told Benzinga. "And for jobs, for me it has always been
about people. Greg Fleming is the reason why I'm there [at Morgan
When he starts his new role as the Vice Chairman of Wealth
Management next month, Kaminsky said that his plan is to draw from
his many years of experience.
"I'll be working with the whole institution across the entire
expansion of wealth management and investment banking and capital
markets to try and help the firm in any way I can to execute their
game plan," he said.
While Kaminsky will no longer work for CNBC full time, he said
that he will stay on as a contributor.
"I'm just gonna basically go back to the role I had played at
CNBC up to 2008," he said. "I'll probably guest host 'Squawk Box'
and I'll be available to the network on various occasions when it
makes sense. But I'm working for Morgan Stanley. My responsibility
will be to Morgan Stanley and its clients."
Louis Bedigian is the Senior Tech Analyst and Features Writer of
Benzinga. You can reach him at 248-636-1322 or
firstname.lastname@example.org. Follow him
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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