“Walid and James are the right team with the right skills to lead Morgan Stanley now, and to drive the firm forward to a new level of success,” said Mack.
Meanwhile, Michael Petrick will replace Neal Shear as head of trading, and will co-head institutional securities sales and trading with Jerker Johansson. Neal Shear will leave trading and become chairman of the firm’s commodities business.
All changes become effective on December 1.
The week on Risk.net, August 19-25, 2016Receive this by email