With the news that its chief equity strategist is joining a hedge fund, Morgan Stanley says Mike Wilson — now chief investment officer for its wealth management unit — will also be its chief U.S. equity strategist.
Wilson will replace Adam Parker, who is moving to Eminence Capital to become its director of quantitative strategy. Parker had been in a similar role at Morgan Stanley.
The new equities chief, who has been with Morgan Stanley since 1989, also will serve as chief investment officer of institutional securities.
The firm confirmed the executive shifts, which were first reported by Reuters.
Other Morgan Stanley News
Earlier this week, reports surfaced that Morgan Stanley is mulling a relocation of its headquarters from Times Square to Hudson Yards.