A month ago, Colm Kelleher became president of Morgan Stanley (MS), while the firm named Shelley O’Connor and Andy Saperstein as co-heads of wealth management.
On Thursday, O’Connor and Saperstein announced new appointments and related organizational changes.
“Along with the incredible ability of our advisors and high level of talent across our business, having the right organization in place, with the right senior leaders, is critical to achieving that goal,” they said in a memo to the wealth group’s nearly 16,000 advisors. “With this in mind, we are pleased to announce the following organizational structure.”
In the wealth group’s field organization, Bill McMahon and Rick Skae remain in their roles as divisional directors; Vince Lumia continues as head of Private Wealth Management while taking on responsibility for the strategic lead management group.
Ben Hunekehas been tapped to be head of Investment Solutions, with responsibility for traditional investment products, alternatives and the relationship management group. Liz Dennis continues as head of capital markets, and Mike Wilson remains head of wealth management investment resources.
Chris Randazzo, chief information officer for Wealth Management, is becoming head of Institutional Wealth Solutions, which includes institutional platforms, corporate equity solutions, corporate cash, Graystone and the 401(k) businesses.
Lisa Golia is taking on the role of chief administrative officer for Wealth Management. She succeeds Adam Kudelka, who is taking on a new role in Investment Solutions.
Jim McCarthy becomes national sales manager, Barry Goldstein stays on as chief operating officer for the field, and Jim Tracy is taking on responsibility for the Consulting Group.
Eric Heaton continues as head of the Private Banking Group. Jed Finn continues as COO of Wealth Management.