Morgan Stanley (NYSE:MS) has shuffled three executives into new roles across its wealth management and institutional securities business, including Andy Saperstein, Raj Dhanda, and Clare Woodman, according to a Reuters report.
Last month, Morgan Stanley (NYSE:MS) brought in Kay Haigh as its newest Global Head of Emerging Markets (EM), part of a broader move to fortify the group’s foreign exchange and EM sales and trading business.
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The trifecta of appointments represents at Morgan Stanley (NYSE:MS) a continued effort to augment the amount of revenue from the wealth management and institutional sectors via collaboration. In particular, Andy Saperstein, acting Head of Investment Products and Services in the wealth management business, is slated to become the newest co-Chief Operating Officer of institutional securities.
Additionally, Raj Dhanda, the current co-Head of Global Capital Markets, will assume Saperstein’s role, while Mo Assomull, presently the co-COO of institutional securities, will take over Dhanda’s current role.
Finally, Clare Woodman, the remaining co-COO of institutional securities, will be joining the operating committee – Mandell Crawley, Morgan Stanley’s Head of Marketing, and Kathleen McCabe, Head of Investor Relations, will also join the management committee.