Morgan Stanley Re-Works Wealth Management Team

Morgan Stanley Smith Barney appointed James Tracy as chief operating officer of distribution and development for wealth management in the U.S. and Douglas Ketterer as head of its private-wealth management unit in the U.S. on Monday, July 19.

Tracy’s responsibilities will include business development, professional development, talent management and national branch services for the group’s 18,000-plus financial advisors, while Ketterer will lead the ultra-high net worth client segment and its 300 private wealth advisors.

Both report to Andy Saperstein, head of wealth management in the United States.