Reuters alone with Morgan Stanley hiring that could hint at trouble for UBS’s revival plans

Reuters scooped all comers when it reported on Nov.10 that Morgan Stanley had hired a familiar face, William van Scoyoc. Hiring one broker may not seem like a big deal, but the senior branch manager had just left for UBS in a high profile job only two months earlier. His sudden about-face raised questions about UBS’s revival plans and offered a rare jolt of good news for Morgan Stanley Smith Barney. The story, based on a tip from sources, was quickly confirmed by officials at the two companies. Dow Jones matched the story more than an hour later.