Morgan Stanley Shuffle Reveals Hints Of Bigger Retail Focus Ahead

Wednesday, April 20, 2011 06:56
edit
Morgan Stanley Shuffle Reveals Hints Of Bigger Retail Focus Ahead

Tags: Morgan Stanley

Changes in Morgan Stanley Smith Barney's executive structure indicate stronger emphasis on high-net-worth retail business ahead.

This Website Is For Financial Professionals Only


 

Just a few key points:

 

* Paul Hatch, head of investment strategy, has formally added "retirement services, corporate equity solutions, and wealth advisory services" to his portfolio.

 

* Ben Huneke, who used to handle business development for Morgan's wealth management unit, will now run business development for the entire brokerage firm.

 

* Jeff Hack, formerly CFO at Smith Barney, is back as chief operating officer.

 

Taken together, the moves seem to tip a strategy of increased focus on wealth management and other broad-based advisory services.

 

And Hack's return could soothe friction between the old Morgan Stanley crowd and their new Smith Barney colleagues.

Comments (0)

Write comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy