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Morgan Stanley Hires Top-Ranked Analyst to Boost Latin Research

Here is a good example of how emphasis in major money centers is turning towards the Latin market.

By Telma Marotto and Alexander Ragir

March 18 (Bloomberg) -- Morgan Stanley has hired Alexandre Falcao away from Merrill Lynch & Co. to oversee research on Latin American small- and mid-size companies, part of the second- biggest U.S. securities firm's expansion in emerging markets.

Falcao, 29, was named Institutional Investor's top analyst for Brazil small-cap company research in 2007, Morgan Stanley said today in an e-mailed statement.

The New York-based investment bank plans to boost its coverage of Latin American companies 63 percent to 150 stocks by the end of the year, Dario Lizzano, head of Latin American research and sales for Morgan Stanley, said in a phone interview from New York.

Morgan Stanley's Latin American research, trading and sales staff may increase by about 25 percent by July, compared with a year earlier.

``The firm is expanding across the board in emerging markets,' said Lizzano, who left Banco Santander last July. ``The long-term perspective for Latin America is very good.'

Morgan Stanley has 23 analysts and economists on its Latin American research team.

http://www.bloomberg.com/apps/news?pid=20601086&sid=aNjs2RukXmds&refer=latin_america