Morgan Stanley has appointed two industry veterans for its investment management business. Edmond Moriarty, previously senior vice-president and a senior risk executive at Bank of America and former co-chief risk officer at Merrill Lynch, will join the firm as chief operating officer of Morgan Stanley Investment Management (MSIM).
Moriarty will be responsible for all operations across the firm, including finance and risk management, and will be based in New York.
Jeffrey Shames, a retired former chairman and chief executive of MFS Investment Management, has joined the firm as a senior adviser to MSIM. He will be responsible for strategy across investment management, client service and marketing, and will divide his time between Boston and New York.
Both Moriarty and Shames will report to Gregory Fleming, the president of MSIM.
More on People
Other commodities moves at Citi, BNP Paribas & GDF Suez
Boyle replaces Yates at Citi, as Baml picks up Stolz and Lee
Chief economist moves to oil giant
UK regulator announces three appointments to expand management capacity
Loomis Sayles vice-chairman discusses the US credit markets
The US has recovered from recession but still faces an enormous debt burden. The onus is now on companies to pick up the slack in the economy and keep bonds buoyant
The head of European credit portfolio management at Pimco talks to Credit's Alex Monro about the ongoing Eurozone crisis, and the likely investment themes for 2011.
The European securitisation markets were among the hardest hit by the financial crisis: large losses on a range of securitised products led to a drop-off in investor demand, while prohibitive spreads made...
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.