Ex-Lehman, Morgan Stanley Executive Dies


Sad to report.

Bloomberg reports that Edward Feigeles, who led private wealth management divisions at Morgan Stanley and Lehman Brothers, has died. He was 58.

He died on April 29 at NYU Langone Medical Center in New York after a brief illness, his wife, Kathryn Green, said today in an interview. He was a resident of Manhattan.

Under Feigeles’s direction, Lehman’s 500-broker Private Client Services group became 'the industry’s top high-net-worth business', with average broker production of $1.8m, compared with an industry average of less than $500,000, the company said in a 2002 news release. The year before, the group had produced more than $700m in revenue.

Feigeles, a managing director, had joined New York-based Lehman in 1996 with a mission to create the 'prototypical' money-management office for wealthy clients by integrating private-client services with the fixed income and equity units, American Banker reported. Within a year he was overseeing about 300 brokers handling more than $5 billion in assets from 24 offices worldwide, the newspaper said.

Hit the link below to access the complete Bloomberg article:

Edward Feigeles, Ex-Lehman, Morgan Stanley Executive, Dies at 58

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