Complexity of IT merger hinders Morgan Stanley, Citi venture

Merging the information technology systems of Morgan Stanley and Citigroup is proving to be quite complex and is holding up full integration for their joint venture, Morgan Stanley Smith Barney. The situation is frustrating some of the venture's thousands of financial advisers, who are anxious to have both companies' full suite of financial products at their disposal, sources said. "People are working extremely hard to put all the components in place, but it is going to take some time," Morgan Stanley Smith Barney said.

more at

http://www.ft.com/cms/s/0/6d0e1efe-590b-11de-80b3-00144feabdc0.html?nclick_check=1