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Morgan Stanley hopes to buy the rest of the Smith Barney business this year as it continues to re-position its business, CEO James Gorman told CNBC's "Squawk on the Street" on Wednesday.
"We are confident as a management team about the direction we are now headed in," Gorman said from Davos, Switzerland "specifically the potential to buy the rest of Smith Barney and create one of the top three wealth managers in the world."