Morgan Stanley promotes 184 employees to managing director roles, memo shows

Jan 7 (Reuters) - Morgan Stanley MS.N promoted 184 of its employees to managing directors this year, an about 6% increase from a year ago, according to an internal memo seen by Reuters.

The promotions, up from 173 last year, are weighted toward roles focused on revenue, the memo showed.

Bank of America BAC.N also promoted more employees to managing director roles in December, as dealmakers at the biggest U.S. banks prepare for a resurgence in mergers and acquisitions as well as initial public offerings.