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Morgan Stanley appoints founder of Girls Who Invest as managing director

Morgan Stanley hired Seema Hingorani as the managing director for its more than $500 billion asset-management unit, Bloomberg News reported.

Hingorani will oversee relationships with Morgan Stanley's largest clients and initiate a training program to develop talent, the news outlet reported, citing a memo sent to the staff of the company.

Previously Hingorani was an investment officer at SevenStep Capital. Hingorani also founded the nonprofit organization Girls Who Invest.