Morgan Stanley Shuffle Reveals Hints Of Bigger Retail Focus Ahead

 

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.

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