By Dow Jones Business News,
February 26, 2014, 01:24:00 PM EDT
By Justin Baer
Morgan Stanley shuffled the leadership team at its wealth-management arm, creating a new strategy role for one
executive while promoting two others.
The Wall Street firm appointed Doug Ketterer head of strategy and client management, according to a memorandum sent
Wednesday to employees.
Succeeding Mr. Ketterer as head of field management is Shelley O'Connor, who had run Morgan Stanley's private bank.
Eric Heaton will replace Ms. O'Connor has head of the private-banking group, the memo said. He had served as president
of Morgan Stanley Banks.
"Doug will focus on our overall client strategy, acquisition and retention initiatives, how we engage with clients,
and our client-facing platforms," Greg Fleming, president of the firm's wealth- and investment-management businesses,
wrote in the memo.
Ms. O'Connor, who was added to Morgan Stanley's operating committee earlier this month, becomes the first woman to
oversee the firm's force of 16,456 financial advisers--the industry's largest. "Given her breadth of experience and
proven ability to execute strategies focused on clients and advisers, she is ideally suited to lead the field," Mr.
A former investment banker, Mr. Heaton joined Morgan Stanley in 2012.
Mr. Ketterer plans to make "additional organizational announcements in due course," Mr. Fleming wrote.
Write to Justin Baer at email@example.com
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