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March 03, 2015 at 06:49 PM
Morgan Stanley Wealth Management is restructuring its leadership after Doug Ketterer, who led strategy and client management, retired last week. Among those executives being promoted are two senior managers: Sara Furber and Shelley O’Connor.
According to a memo released by Greg Fleming, who heads the unit’s 16,076 financial advisors, Sara Furber will now be head of Corporate & Institutional Wealth Management and Wealth Management Strategy.
“These organizational changes will enhance our growth strategy, further align our businesses, and promote the development of a specialized value proposition for each of our clients,” Fleming said.
The units under Furber’s supervision include Corporate Equity Solutions (stock and retirement plans), Graystone, Government Entities and Corporate Cash. “Graystone will also continue to be part of the Consulting Group and dual report in to Jim Tracy,” according to Fleming.
Furber also will be in charge of the company’s digital platforms, mass-affluent segment (including the Client Advisory Center) and strategic lead management. In addition, she will continue to overseeing risk management for the wealth unit.
“Chris Randazzo, Chief Information Officer of Wealth Management and Investment Management, will continue to work closely with Sara across all of these businesses, given the large dependency on technology and the leadership he has exhibited with Corporate Equity Solutions,” Fleming explained.
