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.