Morgan Stanley is shifting top executives at the wealth-management and capital-markets units to give the firm’s leadership broader experience with its main businesses.
Raj Dhanda, who was co-head of global capital markets, will lead investment products and services in wealth management, the New York-based company said Thursday in a memo to employees obtained by Bloomberg. Mo Assomull, who was co-chief operating officer of the institutional securities group, will take Dhanda’s old job, according to the memo, which was confirmed by a spokesman for the bank.
Andy Saperstein, who was head of investment products and services, will become co-chief operating officer of the institutional securities group. The bank also said that Clare Woodman, also co-chief operating officer of ISG, will join the operating committee.